Lorenzo Sanz

Lorenzo Sanz Mancebo (9 August 1943 – 21 March 2020) was a Spanish businessman who was the president of Real Madrid between 1995 and 2000, and owner of Málaga CF.

Lorenzo Sanz
LorenzoSanz.png
Born
Lorenzo Sanz Mancebo

(1943-08-09)9 August 1943
Madrid, Spain
Died21 March 2020(2020-03-21) (aged 76)
Madrid, Spain
OccupationBusinessman
Years active1985–2020
Known forPresident of Real Madrid and owner of Málaga
Spouse(s)María Luz Durán Muñoz
Children4, including Paco and Fernando
RelativesMíchel Salgado (son-in-law)

Early lifeEdit

Born on 9 August 1943 in Madrid, Spain, Sanz played as a goalkeeper in his youth for several minor Madrilenian league teams, including Puerta Bonita.[1] An astute businessman, he made his fortune in real estate and construction.[citation needed]

President of Real MadridEdit

Sanz was a director of Real Madrid from 1985 to 1995. He then became president of Real Madrid on 26 November 1995 after Ramón Mendoza was forced to resign due to the economic, social, and sporting problems of the club. Sanz tried to turn the club around by bringing in star players like Davor Šuker and Predrag Mijatović with his own money. This led to a long-awaited European Cup victory, which Real Madrid had not won since 1966, as the club won both the 1998 and 2000 finals.[1]

Following the two Champions League trophies, Sanz decided to hold an early election to the club presidency in 2000, but eventually lost to Florentino Pérez.[2][1] He then tried unsuccessfully twice to regain his former position as the president of Real Madrid, and failed in a bid to take over Parma Calcio.[2]

Negotiations with ParmaEdit

Between June 2005 and January 2006, Sanz was negotiating with Italian club Parma in Amministrazione Straordinaria to become the club's new owner. Guido Angiolini and Enrico Bondi, the two officers appointed by the Italian government to restore Parma, and its main sponsor Parmalat, were the two people involved in the operations with Sanz. The first time Parma announced negotiations with Sanz was in August 2005. Both President Angiolini and government-appointed administrator Enrico Bondi asked for €27.5 million, but the negotiations were not as smooth as some predicted.

Until January 2006, the Sanz family was still transacting business with Bondi and Angiolini, but to no avail. In an interview with Gazzetta dello Sport in January 2006, President Angiolini stated that, "If, by the 16th, the deal with the Sanz family has not been closed, we will set about finding a new buyer." Sanz had seemed the most likely buyer of the club in August 2005 when he made an initial payment of €7.5 million ($9.07 million) on the full price of €27.5 million. However, he did not pay the outstanding €20 million. Parma administrators stated that after 16 January 2006, the club was free to find other interested buyers as the contract with Sanz expired on 15 January 2006.

Other interested buyers included the owner of Spain's Alamak Espana Trade, Russian oligarch Abram Reznikov. The uncertainty over the club's future had become a source of increasing frustration for Parma supporters. The deal with Sanz was a big dilemma for the Parma fans. In some papers, this deal was referred to as "The never ending story." Parma supporters were longing for a positive ending. Sanz visited Parma a couple of times, and he even turned up at the Stadio Ennio Tardini to follow some of Parma's matches in Serie A. Because of his withdrawal from the deal and failure to pay the rest of the sum of €20.5 million, Lorenzo Sanz Senior and Lorenzo Sanz Junior lost much of their credibility.

Later yearsEdit

Sanz announced in 2006 that he was putting himself up for election once again for the vacant President's position at Real Madrid, losing it to Ramón Calderón.

On July 2006, Sanz purchased Málaga CF. He sold the club in 2010 to a Qatari investor for a sum of €50 million.[3]

In May 2008, it was reported that he was looking to buy Italian club Bari,[4] and that the Bari owners had given him 10 days to close the deal, which was rumored to be around €15 million.[5]

Personal lifeEdit

Sanz was the father-in-law of former Real Madrid and Spain national team defender Míchel Salgado, who married his daughter Malula. Sanz's two sons, Paco and Fernando, were also professional footballers.[6] As the owner of Málaga CF, he entrusted Fernando with the presidency of the club.[1]

Sanz died in the evening of 21 March 2020 at the age of 76, after testing positive for COVID-19.[1][7]

ReferencesEdit

  1. ^ a b c d e Ortego, Enrique (21 March 2020). "Muere de coronavirus Lorenzo Sanz, el presidente de la Séptima y Octava Copas de Europa del Real Madrid". El País (in Spanish). Retrieved 21 March 2020.
  2. ^ a b Minder, Raphael (22 March 2020). "Lorenzo Sanz, Who Led Comeback of Real Madrid, Dies at 76". The New York Times. ISSN 0362-4331. Retrieved 23 March 2020.
  3. ^ "Málaga readies itself for top table". El País. 2 August 2011. Retrieved 22 March 2020.
  4. ^ "Bari, Sanz interessato all'acquisto". tuttomercatoweb.com.
  5. ^ "Bari, ultimatum a Sanz". tuttomercatoweb.com.
  6. ^ Miguelez, José (7 June 1999). "Las confesiones de Paco Sanz". El País (in Spanish). ISSN 1134-6582. Retrieved 21 March 2020.
  7. ^ "Lorenzo Sanz: Former Real Madrid president dies after contracting coronavirus". British Broadcasting Corporation. 21 March 2020. Retrieved 21 March 2020.

External linksEdit

Other offices
Preceded by
Ramón Mendoza
President of Real Madrid
1995–2000
Succeeded by
Florentino Pérez