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Spanish Soccer Team Hit by Crisis, Confusion Amid Legal Dispute

Racing Santander, a soccer team in Spain’s top division, is entangled in an ownership dispute that’s left its Indian owner saying he was unaware of the hiring of a new manager and its players waiting for some of last year’s pay.

Ahsan Ali Syed, who controls Bahrain-based financial-services company Western Gulf Advisory, bought Racing in January from Jacobo Montalvo, who has interests in construction and real estate. The former owner is trying to get the sale canceled, saying Ali Syed defaulted on payments tied to the 15 million-euro ($21.2 million) purchase.