Monday, November 3, 2008

Davidson 10 days achieves more

All you had hoped, but he failed to appear. Davidson is gone, apparently still in London, and all that is known is that late in the afternoon, a fax was received at the headquarters of the Drac Group requesting an adjournment of ten days. Davidson argues reasons related to "the unpredictable circumstances of the global economy" to justify his absence, but the fact is that his level of credibility is under minimum.

At half past five p.m. will be represented in an operetta headquarters of Barclay's, with the presence of the trustee in bankruptcy, Davidson's lawyer, Xisco Llabrs, and the representatives of the Group Drac, with Vicen Grande to the head. Of the 38 million pledged, of course, there was no trace. Now the new deadline expires next twelve of November, although it remains to be seen if the judge returns to authorize an operation that is so fraught with gray areas and where to start, the English businessman has already lied at least one occasion, when at the end of last week said it had already made through the offices of Barclay's transfer of 38 million euros.

Following his absence at the edge of noon, and after several hours of rumors and disqualifications, Davidson's lawyers wrote a letter in which he apologized confirms its intention to purchase the shares of Binipuntir. Neither Binipuntir, owner of the shares, neither the president nor his Real Mallorca, Vicente Grande, have made a minor official comment on the note of Davidson, although it is known to have signed the extension of ten days. Clearly, there was no choice but to accept, but the most strange is that they have not demanded any amount of money in advance by way of pledge, as is customary in transactions far more common and less risky to one that is an income 38 million euros.

On the street, while the most prevalent feeling is that the operation is not carried out, and is not given the slightest credibility to the English businessman. "It was clear that was impossible. Pay a premium to the seller and keep at the forefront of everything. That is not what anyone thought," commented a EL MUNDO consulted several fans. And it is an opinion shared by several directors and shareholders, who from the outset have been expressed "disbelief" at the emergence of Davidson.

The same sources insist that Vicente Grande was "very touched" by the absence of Paul Davidson. "The had this money not only to pay part of the body of creditors, but that the Mallorca could survive until the end of the season. If the sale is not carried out, there will be no choice but to sell at least one player in January, "added the newspaper to key members of the Governing Council, which admitted its concern.

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