Dubai Royal inks buyout deal for Spain’s Getafe

Dubai-based Royal Emirates Group inks deal to buy indebted Spanish club for up to €90m
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Representatives of Getafe CF and Dubai's Royal Emirates Group meet at the Burj Al Arab to sign the deal (ITP Images)
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Dr Kaiser Rafiq, managing director of Royal Emirates Group, was behind the decision to buy Getafe CF (ITP Images)
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Angel Torres Sanchez, chairman of the club, plays football on the Burj Al Arab's helipad (ITP Images)
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Royal Emirates Group have agreed to buy the Madrid based club for between $100m to $130m (ITP Images)
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Now called Getafe Team Dubai, it will become the third Spanish club to be owned by Gulf-based owners (ITP Images)
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Sheikh Butti Bin Suhail Al Maktoum is the chairman of the Royal Emirates Group, an investment firm (ITP Images)
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Football fans have criticised the renaming of the club, which was founded 66 years ago in Madrid (ITP Images)
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Dr Kaiser Rafiq said that the Group chose Getafe CF because it it would not need to service any debt (ITP Images)
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Getafe are currently 14th in La Liga, and are hovering just above the relegation zone with 37 points (ITP Images)
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The announcement was made in the presence of Spain's ambassador and Dubai's minister of culture (ITP Images)
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Dr Kaiser Rafiq and Sheikh Butti Al Maktoum aim to turn the struggling club's fortunes around (ITP Images)
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So far no announcements have been made regarding what investments will be made in the team (ITP Images)