<p>The deal between Ali Syed and the La Liga club could be inked Monday, Spanish daily El Diario Montanes reported.<br /><br />"After studying options in different countries in the past months, we know that Racing fits our strategy because it is a well-managed club and has great long-term potential," Ali Syed said in a statement.<br /><br />After the buyout, the tycoon intends to invest 90 million euros in the next five years.<br />"Sport has always been a good investment opportunity, especially if it is combined with passion and dreams. Football is not just an investment for me but also a personal passion.<br /><br /> For that reason it has always been a dream of mine to own a football club and see my team play," he said.<br /><br />If the deal is through, Ali Syed would become the second foreign businessman to own a Spanish club after Qatar based Abdullaha bin Nasser Al-Thani bought Malaga for a reported 25 million euros.<br /><br />The Racing Santander is currently at 14th position in the La Liga standings. Ali Syed, who owns Western Gulf Advisory based in Bahrain and Switzerland, made a bid in August last year for English Premier League club Blackburn Rovers but failed to reach agreement in negotiations.</p>
<p>The deal between Ali Syed and the La Liga club could be inked Monday, Spanish daily El Diario Montanes reported.<br /><br />"After studying options in different countries in the past months, we know that Racing fits our strategy because it is a well-managed club and has great long-term potential," Ali Syed said in a statement.<br /><br />After the buyout, the tycoon intends to invest 90 million euros in the next five years.<br />"Sport has always been a good investment opportunity, especially if it is combined with passion and dreams. Football is not just an investment for me but also a personal passion.<br /><br /> For that reason it has always been a dream of mine to own a football club and see my team play," he said.<br /><br />If the deal is through, Ali Syed would become the second foreign businessman to own a Spanish club after Qatar based Abdullaha bin Nasser Al-Thani bought Malaga for a reported 25 million euros.<br /><br />The Racing Santander is currently at 14th position in the La Liga standings. Ali Syed, who owns Western Gulf Advisory based in Bahrain and Switzerland, made a bid in August last year for English Premier League club Blackburn Rovers but failed to reach agreement in negotiations.</p>