A member of a ruling family in the United Arab Emirates has
bought a majority stake in an English Premier League soccer club,
the official WAM news agency reported on Sunday.
WAM did not name the club but said Sheikh Ahmed bin Saqr
al-Qassimi has bought 60 percent of it, adding that details would
be announced in a few days.
Sheikh Ahmed, a member of the ruling family Ras al-Khaimah, will
be honorary chairman of the club.
Ras al-Khaimah is one of seven members in the UAE federation
which also includes key oil producer Abu Dhabi and regional trade
and tourism hub Dubai.
Last year Abu Dhabi's Sheikh Masnour bin Zayed al Nahyan bought
Premier League club Manchester City, while Portsmouth is the
subject of a bid from another Abu Dhabi investor, Sulaiman
al-Fahim.
