Mohammed bin Khalifa bin Zayed Al Nahyan of Abu Dhabi is the prospective buyer.
There is no word yet on the price that Beitar is looking to get, but last month it was reported that its owners were looking for as much as $100 million. That may not sound like much to an American sports fan or to a British soccer fan, but for Israel it really is a lot of money for a sports team.
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The owners of Beitar Jerusalem issued a statement confirming the rumors. It acknowledged that the team’s owner Moshe Hogeg is currently in Dubai. Hogeg, the team said, has signed an agreement with NY Koen Group to represent the club in the sale of the shares to representatives of the Abu Dhabi Royal Family.
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Mohammed bin Khalifa bin Zayed Al Nahyan is the son of current Emir of Abu Dhabi emirate and President of the United Arab Emirates, Khalifa bin Zayed Al Nahyan. Abu Dhabi is one of the Arab kingdoms which make up the United Arab Emirates.
He graduated in 1993 from the University of California Irvine, USA and holds a Masters of Business Administration. He is also the chairman & CEO of several commercial, industrial, and financial enterprises.
Moshe Hogeg said after the signing: “The signing of the representation agreement with the company (NY Koen Group) is an expression of confidence in the strength of the Betar” Rain “brand in Jerusalem and a significant stage in negotiations with representatives of the royal family.”
Mr. Naum Cohen , Chairman of the NY Koen Group: “Our goal is to bring the good news of peace in the area to sports as well. In this respect, there is nothing more appropriate than Betar Jerusalem, which is a symbol and