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BlueBay Demands Removal of Málaga CF's Judicial Administrator

The hotel company threatens legal action if José María Muñoz does not resign, citing lack of transparency and ongoing investigation.

Generic image of a soccer ball on grass with the goal blurred in the background.
IA

Generic image of a soccer ball on grass with the goal blurred in the background.

BlueBay, the hotel chain and co-owner of Málaga CF, on Tuesday demanded the dismissal of judicial administrator José María Muñoz, arguing that an investigated individual cannot lead the club.

The hotel company BlueBay, through its affiliated Management Empresarial Málaga (MEM), has presented a strategic plan to boost Málaga CF, but has conditioned its support on the removal of judicial administrator José María Muñoz. Jamal Satli Iglesias, co-owner of the club, stated that "a person who is under investigation cannot be in charge of Málaga CF. Neither he nor anyone on his team," adding that Muñoz has created "many obstacles regarding information" and has not been "the most transparent person." Satli attributed the team's recent promotion solely to the players and the sporting management.
José Carlos Aguilera, MEM's lawyer, pointed out that NAS Spain 2000 SL—the entity holding nearly 97% of Málaga CF's shares, with 49% for BlueBay and 51% for Nasir Bin Abdullah & Sons SL—should no longer be under judicial administration. Despite Abdullah Al-Thani regaining control of NAS Spain 2000 in April, José María Muñoz remains the judicial administrator. BlueBay has requested the convening of a General Meeting of NAS Spain 2000, but according to Aguilera, Muñoz "has turned a deaf ear because he knows that if it is convened, he will be removed."
BlueBay considers it incompatible for Muñoz to be in charge of both Málaga CF and the sheikh's companies, which, they argue, has delayed judicial processes. Aguilera explained that NAS Spain filed an appeal against the company itself, extending the deadlines. Satli lamented that "justice does not move at the same speed as the needs of a club and a project that we need immediately," promising transparency for members once they take the reins.
BlueBay's initial intention is not to directly sue Muñoz but to try and make him "come to his senses." However, the company is concerned about Muñoz potentially failing to comply with judicial resolutions, which could lead to a lawsuit. Aguilera indicated that the club "is trapped in a criminal case to which the club should be alien" and that until Muñoz leaves, they cannot "shed that burden." Despite this, they will wait a "prudent amount of time" before taking legal action.
Rafael Corcoles, MEM director, defended the group's stance against accusations of opportunism, recalling their previous support for judicial administration and the group's experience. He mentioned past situations such as the prohibition of entry to the Shareholders' Meeting in 2015 or an attempt to sell NAS Spain 2000 shares without BlueBay's consent, stating they are "the victims of this process."