ABU DHABI // Khalifa Saif Al Muhairibi, a young Emirati businessman, is set to take over SpVgg Unterhaching, the Liga 3 club in Germany.
Al Muhairibi, the chairman of Arabian Gulf Investments and Anton Schrobenhauser, the chief financial officer, announced the deal would be completed in two months after their first round of talks yesterday.
"The decision is already made and now it is a matter of completing the formalities of the take-over," said Al Muhairibi.
"We will travel to the club shortly and hopefully complete the ownership change under the Arabian Gulf Investments in two months.
"The club has a very rich history and tradition. They have also played in the Bundesliga, and our long-term objective would be to try and get them to those glory days."
Schrobenhauser says a change of the ownership will bring in new ideas and improvements to the club.
"I am extremely delighted with how things have moved about so swiftly," said the former goalkeeper in the Bundasliga.
"The club has had some success in the past and I would like to think under a new ownership they can move forward with new ideas and investments."
Unterhaching established in 1925 is located in the southern outskirts of the Bavarian capital Munich. They played in the Bundesliga alongside their more famous neighbours Bayern Munich and 1860 Munich for two seasons between 1999 and 2001.
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
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UAE currency: the story behind the money in your pockets
ICC Awards for 2021
MEN
Cricketer of the Year – Shaheen Afridi (Pakistan)
T20 Cricketer of the Year – Mohammad Rizwan (Pakistan)
ODI Cricketer of the Year – Babar Azam (Pakistan)
Test Cricketer of the Year – Joe Root (England)
WOMEN
Cricketer of the Year – Smriti Mandhana (India)
ODI Cricketer of the Year – Lizelle Lee (South Africa)
T20 Cricketer of the Year – Tammy Beaumont (England)
Fireball
Moscow claimed it hit the largest military fuel storage facility in Ukraine, triggering a huge fireball at the site.
A plume of black smoke rose from a fuel storage facility in the village of Kalynivka outside Kyiv on Friday after Russia said it had destroyed the military site with Kalibr cruise missiles.
"On the evening of March 24, Kalibr high-precision sea-based cruise missiles attacked a fuel base in the village of Kalynivka near Kyiv," the Russian defence ministry said in a statement.
Ukraine confirmed the strike, saying the village some 40 kilometres south-west of Kyiv was targeted.
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
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More on Palestine-Israeli relations
Under 19 World Cup
Group A: India, Japan, New Zealand, Sri Lanka
Group B: Australia, England, Nigeria, West Indies
Group C: Bangladesh, Pakistan, Scotland, Zimbabwe
Group D: Afghanistan, Canada, South Africa, UAE
UAE fixtures
Saturday, January 18, v Canada
Wednesday, January 22, v Afghanistan
Saturday, January 25, v South Africa
MATCH INFO
Manchester City 2 (Mahrez 04', Ake 84')
Leicester City 5 (Vardy 37' pen, 54', 58' pen, Maddison 77', Tielemans 88' pen)
Man of the match: Jamie Vardy (Leicester City)
Business Insights
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
