Wednesday 20 April 2011

FT.com / Europe - Dubai sheikh set to buy Getafe

A member of the ruling family in Dubai is set to join other Middle Eastern investors in the market for European football clubs by buying a team in La Liga, Spain’s top tier.

Royal Emirates Group, a collection of companies owned by Sheikh Butti bin Suhail al-Maktoum, is set to unveil the identity of the club, understood to be Getafe, at a ceremony in Dubai on Thursday.

Associated Press reported Kaiser Rafiq, Royal Emirates’ managing director, as saying the deal was worth $90m, a figure Royal Emirates’ said was “about right”. It declined to confirm or deny whether the identity of the club was Getafe.

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