Indian tycoon to buy Spanish Primera Liga club

<img border='0' align='left' title=' ' src=' ' class='caption'> Ali Syed, founder of Bahrain-based asset manager Western Gulf Advisory, would invest about 90 million euros in the next five years and pay 30-40 million euros f

updated: January 21, 2011 11:24 IST
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Madrid :

Indian tycoon Ahsan Ali Syed plans to buy indebted Primera Liga side Racing Santander for between 30 and 40 million euros (40-54 million dollars), the Spanish press said on Thursday.

A deal could be wrapped up on Monday, said El Diario Montanes, a regional daily paper in the northern Spanish region of Cantabria, whose capital is Santander.

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