Hollywood star George Clooney in talks to buy Malaga football club - but controversial owner demands £84m
27th February 2020
Hollywood superstar George Clooney is reportedly part of a consortium which is in talks to buy cash-strapped Spanish club Malaga.
It has been a troubling few years for the Andalusian side, who are currently stuck in the Segunda Division with their club president Sheikh Abdullah Al-Thani suspended.
Al-Thani has valued the club at a whopping £84million, despite facing charges of illegal appropriation and improper management.
News of a group of American investors, of which Clooney is said to be one member, has raised hopes of a sale finally going through – and for a considerably lower fee.
The Ocean’s Eleven star, who is believed to be worth close to £400million, is famous for branching out into a number of different sectors, even co-founding his own tequila brand that was sold in 2017 for up to £770m.
Speaking about the deal, the head of Malaga’s minority shareholders group, Antonio Aguilera, confirmed talks were underway with Clooney and co.
Negotiations are said to still be in the early stages.
“There is a powerful production company here in Malaga, they want to turn Malaga into the ‘European Hollywood’ and they are filming series here for Amazon and are already negotiating with the club,” he told Canal Malaga.
“However, they do not want to pay the crazy sum Al-Thani is asking for. A fortnight ago, he was asking for €100m.
“What they are prepared to offer is much more than the [£30m] amount he paid for the club and talks are ongoing.
“On Friday, they called the Americans to say they were willing to negotiate.”
Malaga sit 14th in the Spanish second tier, with various reports suggesting they could be relegated again if they are unable to fulfil certain financial commitments between now and the end of the season.