“Middle Eastern investors have adopted a new strategy of buying low and selling high with a series of acquisitions of second and third tier European soccer clubs. In the most recent acquisition, Saudi Prince Abdullah bin Mosaad, the billionaire former president of Saudi Arabia’s most successful club Al Hilal and founder and chairman of the publicly-listed Saudi Paper Manufacturing Group, the largest paper tissue manufacturer in the Middle East, bought a 50 per cent stake in Sheffield United with the aim of helping the club graduate from the third league to England’s Premier League.” The Turbulent World of Middle East Soccer
