Dubai group buys Spain's Getafe

Royal Emirates Group, which is chaired by a member of Dubai's ruling Al-Maktoum family, announced on Thursday it has signed a deal to buy struggling Spanish La Liga football club Getafe. The group's managing director Kaiser Rafiq told a news conference in Dubai it has agreed to buy 100 percent of the club for "between 70 and 90 million euros" (101 and 130 million dollars), with the exact amount confidential.
"We are very happy to sign this agreement with Getafe, which will be called Getafe Team Dubai," the group's chairman, Sheikh Butti bin Suhail al-Maktoum told reporters.