Former Malaga President Fernando Sanz could be poised for a shock return to the hot seat at La Rosaleda.
A report in Malaga Hoy claims that current owner Sheikh Abdullah Al-Thani defaulted on a €3.5m payment due to the Sanz family last Tuesday that was part of the deal for the purchase of shares when they sold the club in summer 2010.
It is understood a stipulation of the contract was that if the Qatari missed any payments then the seller could then regain control of the club.
The newspaper maintains it contacted Sanz – a former Malaga player whose father Lorenzo was once President of Real Madrid – as he is on holiday in nearby Benalmadena and he confirmed that the money had not yet been received, although he refused to go into detail when questioned.
The current Malaga board members are believed to have now officially recognised they are immersed in a total restructuring process, and will attempt to adapt to the reality of what is fast becoming a race against time before the start of the new season.
Right now it appears there are three areas that are a priority – the sale of some high-earning players to remove them from the wage bill, an attempt to find a buyer or seek sponsorship and the reorganization of the club’s hierarchy.