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[BUSINESS] · Spain · 8 sources

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Granada CF sale remains uncertain due to regulatory delays

The sale of Granada CF remains unresolved two months after a preliminary agreement was announced. Ignacio Beristain, co-president of the club, stated that he cannot currently provide a definitive date for the execution of the transaction.

The deal involves the investment group Big League Advantage (BLA), led by Michael Schwimer, and is currently stalled due to regulatory and administrative factors in China and Luxembourg. The owners of DDMC, located in China, must provide final approval, while a judge in Luxembourg is required to authorize the operation. Despite these delays, the club's administration and potential investors expressed a desire to finalize the transition as soon as possible.

Entities

Alejandro Armenta · Bachillerato General 5 de Mayo · Big League Advantage · Cuautlancingo · DDMC · Granada CF · Ignacio Beristáin · Itzel Guzmán Montes · Michael Schwimer · Omar Muñoz