The last few weeks have been very difficult for Alejandro Sanz. To his mental health problems-announced by himself through his-his Twitter account, is added his breakup with Rachel Valdés after three years together and a possible scam in Miami by a known. But that is not all. The court of first instance number 47 of Madrid has just sentenced the interpreter of Amiga mía to face a millionaire non-payment in the purchase of luxury properties in Miami and prepares the seizure of his assets, according to El Mundo.
The singer is not at his best, despite the fact that he is touring our country with the show En vivo 2023. It was at the end of last May when the artist worried the Twitter community with an alarming publication in which he He admitted that he is going through a bad mental moment. The artist sent a powerful message to those who find themselves in similar situations and feel the pressure to maintain a façade of happiness. “I’m not okay. I don’t know if this is any use, but I want to say it,” he was saying.
Soon after, the news came to light that he had terminated his relationship with Rachel Valdés. Now the problems continue to grow and El Mundo assures that the artist would face a legal setback. Judge María del Rocío Montes has decreed, with the approval of the Prosecutor’s Office, the execution of a sentence handed down against the artist by the Miami Court two years ago, for which he was sentenced to pay three million euros. The interpreter of ¿Y si fuera ella? he will have to face this payment with his personal assets. A high figure that would complicate the situation.
The previously mentioned medium assures this Saturday that the judicial resolution puts an end to the process for Sanz’s non-payment of two luxurious properties for which he paid some seven million dollars. The most outstanding property is an old colonial-style house built in 1933, with more than 3,000 square meters, six bedrooms, five bathrooms, a recording studio, heated pool, and private dock. It is located in the Sunset Lake area, one of the most exclusive, for which he paid about 4.7 million dollars.
Total Bank of Florida was the entity that allowed the artist to contract various loans. The credits were granted to his company Gazul Producciones, S.L.U., and to Music on Wheels, LLC, the latter based in the US. As collateral for the loans, Sanz put up another company of his established in America, Alja Productions, LLC, as well as a farm in Miami.
The problems began to arise when Sanz stopped paying these loans that had been granted and that the financial institution had assigned to an American investment fund called SHEDDF2. After some initial attempts to negotiate with Sanz to resolve this disagreement, this fund decided at the end of 2019 to launch a foreclosure process to seize its properties and put them up for sale.
In this legal proceeding, the singer’s companies did not even answer the lawsuit… so they declared themselves in default by the Miami-Dade County Court. At the beginning of 2020, Sanz’s lawyers signed a document to transfer the properties to the SHEDDF fund with the aim of proceeding to sell them and settle the debts, but this did not happen. The transaction could not materialize, since the artist did not transfer all the documentation that came, so the foreclosure judicial process continued its course.
In 2020, the US court issued a debt on behalf of Sanz that amounted to $11,951,895. This court ruling specified that the debt should be paid with the auction of the luxurious homes. The properties were sold for $9,475,367, but a debt still remained. The singer’s companies claimed that the properties had been sold for less than they were worth, something was dismissed and that it has already gone through the Spanish Justice.
Now it has been requested that Sanz respond with his assets in Spain. Among the embargoes requested and on which a decision must be made are some of his brands, such as Alejandro Sanz or La Fuerza del Corazón Alejandro Sanz. Also the shares of its companies Alkazul, S.L., Gazul Producciones, S.L., and its subsidiaries Rosas and Beats, S.L., and New Meloil, S.L. Likewise, the confiscation of a farm in the Cáceres town of Jarandilla de la Vera or a property in Cádiz is required. Without a doubt, a strong setback for the artist.
