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"We confirm that the company will buy a Spanish team," Suleiman al Butti, project manager of Royal Emirates Group, told Reuters on Tuesday.
The company, an investment firm chaired by Sheikh Butti Bin Suhail Al Maktoum, suggested in a later statement the club would be named "Team Dubai" but it was not clear whether that would become the official name.
"It is to be announced that His Highness Sheikh Butti Bin Suhail Al Maktoum and Royal Emirates Group will become the owner of one of the top 'first league' football teams of La Liga Spain," the statement said.
Royal Emirates Group said Dubai's minister of culture, the Spanish ambassador and "many other corporate icons and members of the ruling family of Dubai" would attend Thursday's presentation.
