World number One tennis player Rafael Nadal is to become a shareholder of Primera Liga side Mallorca with Josep Pons taking over the reigns as club president from Mateo Alemany, according to AS.
The change of ownership at the Balearic outfit comes into effect immediately with a new board of directors already in place seeking to take the club forward after a period of economic uncertainty. Nadal is to be represented on the board of directors by Fernando Martos, who will be marketing director for the club.
"We are very willing to work hard to ensure that Mallorca is a great representative of our society and has a guaranteed future," the new president was quoted as saying.
Nadal's new role with the Barralets sees him join forces with his uncle, former Barca and Mallorca player, Miguel Angel Nadal, who is assistant to newly appointed head coach Michael Laudrup.
It is not known how much the new owners paid to take control of the club or what percentage shareholding the tennis ace owns but Pons has stressed that Nadal's involvement with his hometown club underpins the seriousness of the new project.
"This guarantees our seriousness and is an indication that this new project has the interest of important people," he added.
Become a fan of Goal.com International on Facebook! Just click onto Facebook.com/Goal to join the beautiful game's leading fan community...