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Mon 21 Jun 2010 07:32 AM

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Qatari businessman to seal Malaga FC deal 'in 48 hours'

Sheikh Abdullah bin Nasser Al Thani poised to become first foreign owner in La Liga.

Qatari businessman to seal Malaga FC deal 'in 48 hours'
QATAR BUY: Obinna of Malaga fights off Carlos Puyol of FC Barcelona. (Getty Images)

Qatari businessman Sheikh Abdullah bin Nasser Al Thani is set to seal a deal to buy Spanish football club Malaga in the next 48 hours, it was reported on Monday.

The buy-out, which is reportedly worth EUR25m, will make him the first overseas owner of a Spanish football club.

Sheikh Abdullah, chairman of Nasser bin Abdullah and Sons Group, is expected to announce the details of the new purchase at a press conference in the next 48 hours, The Peninsula reported.

According to the paper, Sheikh Abdullah will have 100 percent ownership of the club.

Sheikh Abdullah is also expected to announce the new club coach and his plans to bring in new players including Rangers star Madjid Bougherra.

A first division club which competes in La Liga, Malaga was established in 1948. Malaga escaped relegation on the last day of the season with a 1-1 draw against Real Madrid.

The club has a sizeable British following, mainly due to the large number of British expatriates residing on the Costa del Sol.