MIDEAST - Middle Eastern investors switch focus to lower tier European clubs:
"Middle Eastern investors have adopted a new strategy of buying low and selling high with a series of acquisitions of second and third tier European football clubs.
In the most recent acquisition, Saudi Prince Abdullah bin Mosaad, the billionaire former president of Saudi Arabia’s most successful club Al Hilal and founder and chairman of the publicly-listed Saudi Paper Manufacturing Group, the largest paper tissue manufacturer in the Middle East, bought a 50 percent stake in Sheffield United with the aim of helping the club graduate from the third league to England’s Premier League.
“This is the best way to make profit if the club rises to League One and then the premiership,” the prince, the first member of the Saudi ruling family to invest in a foreign football team, said."
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