But an official statement said the deal is permitted by the Spain's national sports council and the Cantabria regional government and the deal is expected to be officially done by Monday.
El Diario Montanes, a daily paper in the Spanish region of Cantabria have reported that Syed would invest approximately 90million euros over the next five year and pay 30 40 million euros for the purchase.
been a good investment opportunity; especially if it is combined with passion and dream. Football is not only an investment for me but my personal passion. So owning a football club and watching my team play has always been my dream."
Ali Syed becomes the second foreign owener of a Spanish club, following Qatar billionaire Abdullaha din Nasser Al Thani's takeover of Malaga in May.
Elevate"I look forward to an active and long term commitment to this great club and will invest all my Fendi Wallet With Chain knowledge and financial strength to elevate the club to the highest level of success in Spain and Europe," Syed said in a statement.
"Having studied several options from various countries in the last few months Real Racing Club de Santander has fit into my strategy as it is a well Fendi Canvas Hobo Bag
Syed, who is the founder of Bahrain based asset manager Western Gulf Advisory, had seen his attempt to buy Fendi Peekaboo Navy