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UAE investor buys club stake
22 Jun 2009 - 08:45:36
A member of a ruling family in the United Arab Emirates has purchased a majority stake in an unnamed Premier League club, according to reports.
The Middle Eastern-based WAM news agency claims that Sheikh Ahmed bin Saqr al-Qassimi has bought a 60 per cent stake in the mystery club and that the details of the transaction will be made public in the coming days.
Sheikh Ahmed, a member of the ruling Ras al-Khaimah family, will be installed as honorary chairman of the club.
Last year, Sheikh Masnour bin Zayed al Nahyan of Abu Dhabi's bought Manchester City.
Meanwhile, another Abu Dhabi-based businessman, Sulaiman al-Fahim, is currently in the process of completing a takeover at Portsmouth.
Al-Fahim believes his takeover at Fratton Park will be completed at the beginning of July.
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