Madrid: Tennis world number two Rafa Nadal and his uncle Miguel Angel Nadal sold their 10 percent shareholding in Spanish football team Real Mallorca, the club said in a statement.
German businessman Utz Claassen bought the shares to increase his stakeholding to 20 percent.
Nadal, a Real Madrid fan who lives on the Mediterranean island, had joined a consortium that invested in financially troubled Mallorca in 2010.
His uncle Miguel Angel, a former Spain and Barcelona defender, became then coach Michael Laudrup`s number two, but when the Dane resigned in September Nadal openly criticised the board`s handling of the matter.
Mallorca, now coached by Joaquin Caparros, are in financial administration, lie 14th in La Liga and trail 1-0 going into Tuesday`s King`s Cup last-32 second leg at Sporting Gijon.