An unnamed United States-based investment fund was close to taking control of debt-riden Getafe, reports claim, until a late hiccup.
Marca say Getafe were close to coming under new ownership this past weekend, with the fund, which also owns an unnamed NFL franchise, ready to take over.
President Angel Torres was to remain at the club in some capacity and the prospective owners would pay around €60m to settle all Getafe’s outstanding debts.
Getafe have to find €13m before the end of June and Torres can’t raise the sum without investment from outside, Marca add.
There was however a problem in the proposed sale that has led to a delay, but Getafe can’t afford to wait too long before the transaction is completed.
If they do not come up with the financing before June 30 they could face an administrative relegation and their Primera status is part of the appeal to potential investors.
Torres is said to be reluctant to sell Getafe but the club’s financial situation means he is left with no option, Marca note.