Diario de Cartagena
Cartagena de Indias · Bolívar · Colombia
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Díaz group announced an agreement to consolidate 95.3% of Real Cartagena

An agreement to consolidate 95.3% of Real Cartagena was reported on November 6. Reports that day described signatures and formalities as outstanding.

Players during Deportivo Cali versus Real Cartagena in August 2012, in an archive photograph.

An agreement between Grupo Empresarial Díaz, Colombiagol and Rodrigo Rendón was reported on November 6, 2026 to bring together 95.3% of Real Cartagena’s shares. Reports from that day said that the deal, led by Antonio Díaz, still required signatures and legal formalities; the announced agreement did not by itself establish a completed corporate share transfer.

Under the understanding, Cartagena’s Mayor’s Office would retain the remaining 4.7% and its position as a shareholder in the club. The transaction concerns privately held shares, not the city government’s departure from the ownership structure.

An agreement to consolidate privately held shares

The understanding combines the holdings of Colombiagol and Rendón with those of the Díaz group, which was already a shareholder. Its scope is to concentrate the majority of the capital within one business group, rather than keeping it divided among the three private shareholders.

Rendón confirmed the negotiations in statements released on November 6. Discussing his departure, he recalled his more than 20-year association with the team and the difficult times the institution had faced.

Antonio Díaz, for his part, said that he had expressed his interest in acquiring the other privately held stakes from the time he entered the business. That intention preceded the agreement announced on November 6.

From negotiations to formalization

On November 3, Díaz had said in a conversation with Win Sports that the negotiations were close to being settled. The agreement reported three days later marks progress from those talks, but reports from that day still described it as subject to documentary formalization.

The ownership move comes as Real Cartagena competes in the Torneo BetPlay II-2026 semifinal groups. The club’s sporting objective remains a return to the first division; the planned ownership change does not mean qualification or promotion.