MADRID: Indian businessman Ahsan Ali Syed has completed the purchase of Racing Santander, his office said on Friday, without giving any financial details.
The founder and chairman of investment companyWestern Gulf Advisory, Syed failed in an attempt to buy English Premier League club Blackburn Rovers last year.
His office said in a statement the Racing deal had been approved by the regional government of Cantabria and Spain's national sports council (CSD).
"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," Syed said in the statement.
Syed's foray into Spain follows the purchase of Racing's La Liga rivals Malaga by a member of the Qatari royal family at the end of last season.
A Mexican businessman is also trying to buy Real Oviedo, a former first-division club that has dropped to the third tier, Spanish media have reported.
The founder and chairman of investment companyWestern Gulf Advisory, Syed failed in an attempt to buy English Premier League club Blackburn Rovers last year.
His office said in a statement the Racing deal had been approved by the regional government of Cantabria and Spain's national sports council (CSD).
"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," Syed said in the statement.
Syed's foray into Spain follows the purchase of Racing's La Liga rivals Malaga by a member of the Qatari royal family at the end of last season.
A Mexican businessman is also trying to buy Real Oviedo, a former first-division club that has dropped to the third tier, Spanish media have reported.
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