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Friday November 27, 2020

A member of the ruling family in Abu Dhabi is looking to buy a stake in an Israeli club

The world – UAE

Hogeg confirmed to “Reuters” today, Friday, that he had received a non-binding letter of intent from Sheikh Hamad bin Khalifa Al Nahyan to buy a stake of about 50 percent of the club’s shares.

Hugueg, who has just returned from a visit to the United Arab Emirates, added that he hoped to reach an agreement by the end of the year.

The chairman of the holding company, “NY Koen Group”, businessman Noam Quinn, is mediating to conclude the said deal.

Reuters was not able to reach Al Nahyan for comment on the matter.

The Beitar Jerusalem club said last September that it was negotiating a potential investment for an Emirati group, in a statement following the announcement of an agreement to normalize relations between the UAE and the Israeli entity, which was signed on September 15th in Washington.

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