Yesterday night, in Credit Suisse offices in Zurich, Ahsan Ali Syed, the regional Government of Cantabria, and Dumviro Ventures, signed an agreement by which the Indian entrepreneur becomes the new major shareholder of the Spanish Premier League Club, Racing de Santander.
After several weeks of intensive negotiations, the agreement will clarify the financial situation of Racing de Santander and will allow the football club to focus on improving its results and position in La Liga. In this sense the club announced at the beginning of this week that Nikola Zigic will become Racing de Santander player before the winter market closes.
Mr. Ali Syed will arrive to Santander on Saturday morning to make the official presentation of the deal to the press and to the Racing supporters. The event will take place in the Club offices in the Sardinero Stadium at 13:30 hours.
Mr Ali Syed is a successful Indian entrepreneur and chairman of Western Gulf Advisory. WGA is an investment and asset management company founded in 2008 that provides services such as corporate finance, debt services, and equity participation on the basis of its own resources. The firm acts as the family office of the founder and President Ahsan Ali Syed and offers its services to its Shareholders exclusively.
Ali Syed has purchased Racing de Santander with the intention of diversifying his investments in sports and, above all, to make it a respectable team in the European football competitions. He has created WGA Sports Holding BV to acquire various sporting entities in Football, Cricket, Horses {equine}, etc. He would like to give solid foundation to Racing de Santander in order to reach a sustainable position in La Liga and a leadership role in years to come. Ali Syed is strongly determined to leave a legacy to the city and to the Racing supporters. He wants these to enjoy each and every match of the team and to steadily raise their level of expectation and ambition.