Monday 25 April 2011

Getafe sold to Royal Emirates Group - again - but from 2012

Getafe president Ángel Torres today announced that the sale of the Madrid club to the Royal Emirates Group of Dubai will take place only in July 2012.

In the latest in a long line of confusing statements to emanate from the Coliseum Alfonso Pérez and the Arabian Gulf, Torres said, "Since we don't want to go into debt and we want to be different, we have to seek investment.

"The Royal Emirates are the new owners of the team, because they hold 99.3% of the shares."

How REG can own Torres' shares yet not actually effect their purchase until 2012 is not immediately apparent.

Torres further added that he will remain in charge of the club for "four to six years", during which there will be a "culture change", and the two organisations will "grow together."

The president did work to allay fans' fears by declaring that the club crest and blue colour will not be changed, amidst rumours of a 'Team Dubai' rebranding.

The exact status of Getafe CF, then, remains unclear, although slightly less unclear than this time last week.

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