News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 12 years ago
Rediff.com  » Sports » Dubai group to buy Spanish club Getafe

Dubai group to buy Spanish club Getafe

April 20, 2011 18:17 IST
Get Rediff News in your Inbox:

Royal Emirates Group will buy La Liga club Getafe for about 90 million euros ($129.6 million), the Dubai firm said on Wednesday following earlier reports it was eyeing a Spanish soccer team.

"It is Getafe... we will announce it in a big way tomorrow," Suleiman al Butti, project manager of Royal Emirates Group, said.

Royal Emirates, an investment firm chaired by Sheikh Butti Bin Suhail Al Maktoum, said in statement on Tuesday the club would be named "Team Dubai", although it was not clear whether that would become the team's official name.

The deal would be the third for a La Liga club involving a non-Spanish buyer in the past year following the sale of Malaga to a member of the Qatari royal family and the purchase of Racing Santander by an Indian businessman.

Royal Emirates Group said Dubai's minister of culture, the Spanish ambassador and "many other corporate icons and members of the ruling family of Dubai" would attend an event scheduled on Thursday to announce the deal.

Getafe are 14th in La Liga with 37 points from 32 games and hovering just above the relegation zone.

Get Rediff News in your Inbox:
Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

INDIAN PREMIER LEAGUE 2024

INDIAN PREMIER LEAGUE 2024