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Rediff News  All News  » Sports » Indian businessman buys La Liga club Racing Santander

Indian businessman buys La Liga club Racing Santander

January 21, 2011 22:36 IST

Indian businessman Ahsan Ali Syed has completed the purchase of La Liga club Racing Santander, his office said on Friday.

"The transaction has been officially approved by both the regional government of Cantabria and the (national government sports council) after an intense due diligence process that analysed and approved Syed's strong financial capabilities to take the club forward," the statement said.

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