Real Zaragoza President to Sell Shares Following Fan Discontent
By Community | March 8, 2012
Real Zaragoza president Agapito Iglesias has succumbed to mounting pressure from disgruntled supporters and decided to sell his majority stake in the struggling La Liga club.
Zaragoza have fallen a long way since beating Arsenal to win the Cup Winners’ Cup in 1995. They are bottom of the standings and in financial administration.
Outraged fans have mounted regular protests outside the Romareda stadium and have also made their displeasure felt during matches, at which Iglesias has not been seen for several months according to local media.
“The president of Real Zaragoza, Don Agapito Iglesias Garcia, has decided to put his stake up for sale with immediate effect,” the club said in a statement on their website. Part of the reason for the sale was the failure to find new investors, the statement added.
Zaragoza have 13 games to save their top-flight status.
by Ismail Uddin