Breaking News

Siemens Agrees to Buy Dresser-Rand For $7.6 Billion in All Cash Deal
Tweet TWEET

Former Blackburn Suitor Plans to Buy Racing Santander, El Pais Reports

Ahsan Ali Syed, who dropped plans to buy English soccer team Blackburn Rovers last year, is in talks to acquire Spain’s Racing Santander, El Pais newspaper reported, citing regional government officials.

Syed, an Indian who founded Bahrain-based Western Gulf Advisory AG, plans to invest about 50 million euros ($67.3 million) in Racing, which owes 22 million euros in loans and other debts, the newspaper said. Venky’s, an Indian operator of poultry farms, acquired Blackburn in October.

To contact the editor responsible for this story: Alex Duff at aduff4@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.