Dubai Buys Spanish Soccer Club in Bid to Shore Up Its Image

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 group would formally announce the $90 million acquisition on Thursday. The group is chaired by Sheikh Butti Bin Suhail Al Maktoum, a…