UAE investor denies buying majority share in English club
DUBAI (Reuters) - A member of a ruling family in the United Arab Emirates has denied a report that he has bought a majority stake in an English Premier League soccer club, the official WAM news agency reported on Tuesday.
WAM reported on Sunday that Sheikh Ahmed bin Saqr al-Qassimi, a member of the ruling family of Ras al-Khaimah, bought 60 percent of an unspecified Premier League club.
It said that more details about the deal would be announced at a press conference within a few days.
"Sheikh Ahmed ... denied the report carried by the media about him closing a deal to buy 60 percent of an English club," WAM said.
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.
Abu Dhabi's Sheikh Masnour bin Zayed al Nahyan bought Manchester City last year and Portsmouth are the subject of a bid from another Abu Dhabi investor, Sulaiman al-Fahim.
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