Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Ahsan Ali Sayed nets Racing de Santander

By Biswajeet Panda
Madrid, Jan 22: Indian businessman, Ahsan Ali Sayed who failed in his attempts to buy English Premier League club Blackburn Rovers in 2010, has completed the purchase of Spanish Primera Division football club Racing de Santander on Jan 21.

In a statement issued by Syed's office, he informed that the deal had been approved by the regional government of Cantabria and Spain's national sports council(CSD).

He said in the statement, "I look forward to an active and long-term commitment to this great club and will invest all my knowledge and financial strength to elevate the club to the highest level of success in Spain and Europe."

The Spanish football club, popularly known as Racing, is now at the 14th position at the halfway stage of the season. It is just four points above the relegation places.

The club though not new to foreign control, is said to be under a debt of $190 million.

Racing founded in 1913, qualified for the UEFA Cup in the 2007-08 season, and had also reached the semi-final of the Copa del Rey in 2008 and 2010.

OneIndia News

Story first published: Tuesday, August 8, 2017, 11:47 [IST]
Other articles published on Aug 8, 2017