Royal Emirates Group buy Getafe
Royal Emirates Group signed a deal to buy La Liga club Getafe for up to €90 million with the Dubai firm targeting a top 6 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.
Getafe finished 6th last season but are languishing in 14th place this term, 4 points above the relegation places, while the club, located in Madrid's suburbs, attract the lowest attendances in the Spanish top flight.
Yet Dubai officials seem undeterred. Suleiman al Butti, Royal Emirates project manager, earmarked qualification for Champions League, Europe's elite club competition, within 2 seasons.