Thomas Farrell, 54, director of a fitness company, was blasted at close range as he got his car out of his garage.
He was found by his wife and taken to hospital by ambulance where he underwent emergency surgery.
Police were yesterday still hunting the gunman following the shooting in Mijas Costa, near Malaga.
Mr Farrell's condition was said to be 'serious but improving'.
Police say the attack bore the hallmarks of an underworld hit and are exploring the possibility he was shot in a case of mistaken identity."
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