Former CPL president Angel Munoz has attested the legality of the company's transition to the new owners.

Question marks had been raised regarding the process after Tonya Welch revealed the new CPL owners had initiated negotiations regarding the purchase of the company without ever having any money to back up the deal.

Welch had claimed that Scott Valencia, the new CPL boss, had even gone as far as to pretend he had an investment group based in the United Arab Emirates behind him and to engage in a series of actions to make the whole deal look legit.

Munoz has now stressed that the new owners, who "required privacy", have been keeping their end of the deal, which will be concluded in the summer.

"The question is: Has the new CPL been making the payments owed to us as part of the acquisition? The answer is yes," he said on his personal blog.

"This is important because within the last year the purchase price has increased significantly due to the final acquisition of the CAL brand, the inclusion of an extended licensing agreement, the purchase of our last 10% interest in CPL and the addition of other related assets."

Munoz, who classified Welch's words against the new CPL owners as a "personal quarrel", added he was never told "the investors were from Abu Dhabi, just that the investment company would be incorporated there."

Meanwhile, Welch has released parts two and three of her blog, which you can find here


Credit goes to HLTV for the article