It was learnt on Sunday that a majority stake in an English Premier League soccer club has been bought by a member of a ruling family in the United Arab Emirates.
The name of the club is not known till now however this is known that Sheikh Ahmed bin Saqr al-Qassimi has bought 60 percent of it. Details would be announced in a few days.
The honorary chairman of the club would be Sheikh Ahmed, a member of the ruling family Ras al-Khaimah.
It should be noted that Ras al-Khaimah is one of seven members in the UAE federation. It also includes key oil producer Abu Dhabi and regional trade and tourism hub Dubai.
Premier League club Manchester City was bought last year by Abu Dhabi's Sheikh Masnour bin Zayed al Nahyan, while Portsmouth is the subject of a bid from another Abu Dhabi investor, Sulaiman al-Fahim.
