V L Srinivasan
Manama (Bahrain), Jan 30
Bahrain-based Indian businessman Ahsan Ali Syed has acquired Spanish club Racing Santander.
Ali Syed said in a statement yesterday that he finalised the agreement to become the team’s leading shareholder on Friday in Zurich after weeks of negotiations with its former owners, Dumviro Ventures.
He said he wants Racing “to reach a sustainable position in La Liga and a leadership role in years to come” and that he was “strongly determined to leave a legacy to the city and to the Racing supporters.”
The first step toward improving Racing’s roster will be bringing back Serbian striker Nikola Zigic from Birmingham for his third stint with the Spanish team.
Ali Syed is the head of Western Gulf Advisory, an investment and asset management company.
He had previously lost out to poultry giant Venky in an attempt to acquire English club Blackburn.
He joins Qatar’s Shaikh Abdullah bin Nasser Al Thani as the only foreign owners in the Spanish league. Shaikh Abdullah took over Malaga in June.
Manama (Bahrain), Jan 30
Bahrain-based Indian businessman Ahsan Ali Syed has acquired Spanish club Racing Santander.
Ali Syed said in a statement yesterday that he finalised the agreement to become the team’s leading shareholder on Friday in Zurich after weeks of negotiations with its former owners, Dumviro Ventures.
He said he wants Racing “to reach a sustainable position in La Liga and a leadership role in years to come” and that he was “strongly determined to leave a legacy to the city and to the Racing supporters.”
The first step toward improving Racing’s roster will be bringing back Serbian striker Nikola Zigic from Birmingham for his third stint with the Spanish team.
Ali Syed is the head of Western Gulf Advisory, an investment and asset management company.
He had previously lost out to poultry giant Venky in an attempt to acquire English club Blackburn.
He joins Qatar’s Shaikh Abdullah bin Nasser Al Thani as the only foreign owners in the Spanish league. Shaikh Abdullah took over Malaga in June.
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