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Sun 27 Jun 2010 07:22 AM

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Qatari businessman seals $44m Malaga deal

Sheikh Abdullah bin Nasser al-Thani says he is 'overjoyed' after buying Spanish club.

Qatari businessman seals $44m Malaga deal
IN ACTION: Malaga in a La Liga clash with Barcelona. (Getty Images)

Qatari businessman Sheikh Abdullah bin Nasser al-Thani has become the owner of Spanish La Liga club Malaga after sealing a $44m deal.

“It’s a proud moment for me personally and for Qatar,” he told reporters. “I am overjoyed to be involved in one of the best leagues in the world.”

The chairman of Nasser bin Abdullah and Sons Group will have 100 percent ownership of the club which finished 17th in the Spanish league last season, Gulf Times reported on Sunday.

A new coach is expected to be presented tomorrow. Jesualdo Ferreira, the former Porto coach, reportedly will be named to replace the current manager, Juan Ramon Lopez Muniz.

Malaga, who have spent the last two seasons in Spain’s top flight, escaped relegation on the final day of last season.

“The agreement has already been notified to the [government-run] Spanish Sports Council and will be completed shortly, given that said public body has provided its verbal approval of the agreement’s terms and conditions,” the club said on its website.

Sheikh Abdullah told the club website: “Our goal is to help Malaga take the necessary steps to consolidate its presence in La Liga and to reinforce the excitement and hopes of the supporters.”

Sheikh Abdullah bin Nasser did not rule out buying major stars but said he hoped the club would be able to groom them from its youth team.

A new coach is expected to be presented on Monday. Reports have said former Porto coach Jesualdo Ferreira has been named to replace Juan Ramon Lopez Muniz although this was not confirmed.

Naved Akhter 9 years ago

I believe the money spent could have been used for better purposes e.g. education, ‎health care etc. If his country is rich, he would have spent it somewhere else which ‎would have given him the joy and sense of fulfillment of a life time. I would advise ‎the businessman to do it once he will forget the joy he experienced after the deal.‎

JC 9 years ago

If a billionaire wants to make a million they should buy a football club...

Glasgow Celtic 9 years ago

Dear Sheikh, It would be a pleasure if you could also buy Glasgow Celtic a famous club just awaiting decent investor

Mike 9 years ago

“I am overjoyed to be involved in one of the best leagues in the world.” Dear Sheik, I'm sure the Spanish people are overjoyed too.