22 Apr 2011

Renamed Getafe bought for up to 90 mln euros

8:25 am on 22 April 2011

Royal Emirates Group has signed a deal to buy La Liga club Getafe for up to 163 million dollars with the Dubai firm targeting a top six finish next season for the relegation-haunted Spanish outfit.

The club will be renamed "Getafe Team Dubai" following the acquisition by Royal Emirates, an investment firm chaired by Sheikh Butti Bin Suhail Al Maktoum, and the new owners are aiming to beat cross-town rivals Real Madrid and to qualify for the Champions League within two seasons.

Getafe finished sixth last season but are languishing in 14th place this term, four points above the relegation places, while the club, located in Madrid's suburbs, attract the lowest attendances in the Spanish top flight.