Dubai’s Royal Emirates Group on Sunday confirmed its buyout of Spanish La Liga side Getafe and said it plans invest up to $130m in the team over a five-year period, Arabian Business can reveal.
Doubts were raised over the deal after Getafe president Angel Torres told reporters the Spanish club remained in talks and said he had visited Dubai in a bid to secure sponsors.
Royal Emirates Group, which is chaired by a member of Dubai's ruling Al Maktoum family, said the contract had been signed and Torres had been misquoted.
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