Former Real Madrid coach Bernd Schuster could be set to become the new owner of Xerez, according to a report in AS.
Schuster had a successful two year spell in charge of the Andalusian outfit which ended in 2003 when he left before taking control of Shakhtar Donetsk.
It now appears that the former German international looks set to return to the club if his offer to buy the club is accepted. Schuster has released a statement declaring his intentions to purchase the majority shareholding of Joaquin Morales and thus take control of the club.
Schuster's decision to go public on the so far private negotiations is believed to be a result of tensions between the parties involved with the news that an unknown bidder have also declared an interest in buying the club.
"I am convinced of my ability. This is an opportunity to return to the success of my last time at Xerez," Schuster is quoted as saying by AS.
Schuster is understood to have the backing of an as yet unkown Spanish businessman and close personal friend and if this bid is successful, he will become CEO and owner of the club.
Paul Madden, Goal.com