Sports Stars Lead Court Fight Against Spanish Property Developers

Former England football player Sir Geoff Hurst, Olympic rower Sir Steve Redgrave and rugby star Tony Underwood are leading a court fight against Spanish property developers. The trio are heading up a High Court claim against the Royal Marbella Group, claiming that although some of the Spanish developer’s properties were built, many of their plans will never come to fruition.

Redgrave, Underwood and Hurst all endorsed the Royal Marbella Group’s property projects before discovering that some of the property investors had lost their deposits when the schemes were scrapped. Redgrave himself has also lost deposit money having invested around £2 million in a villa on one of the sites which has now been scrapped.

It has been five years since many of the property investors initially paid their deposits for a range of off-plan Spanish properties. Although many of the developments were built, others were scrapped as building licenses obtained were illegally issued by the then mayor Pedro Tirado, who was later put in prison for accepting bribes.

Much of the land involved in the projects has now been sold on to new developers, and these developers will not recognize the contracts between the initial Spanish property investors and the Royal Marbella Group, leaving many out of pocket. It is hoped that the High Court action will see property investors recoup the money they have lost.

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