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Dubai Buys Spanish Soccer Club

Dubai Buys Spanish Soccer Club

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James M. Dorsey
Apr 20, 2011
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Dubai Buys Spanish Soccer Club
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Gulf investors have bought for the second time in a year a Spanish soccer club.


Kaiser Rafiq, a partner and managing director of the Dubai-based Royal Emirates Group of Companies, declined to identify the club, but said the acquisition involved a $90 million investment.


Taking a leaf out of Abu Dhabi and Qatar’s successful use of European soccer acquisiti…

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