Israel's Beitar Jerusalem soccer club announced on Monday that an Emirati investor has purchased a 50% stake in the team.
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The team said that Sheikh Kamad bin Khalifa Al Nahyan, a member of the United Arab Emirates royal family, has pledged to invest 300 million shekels, or about $90 million, into the club over the next decade.
In a statement released by the team, Moshe Hogeg, owner of Beitar, said the deal represented "new days of coexistence, achievements and brotherhood."
Al Nahyan said he was thrilled to be a partner in a "glorious club." He also referred to Jerusalem as the "the capital of Israel," despite Palestinian claims to the eastern part of the city.
"I have heard a lot about the change taking place in the club and the way things are going, and I am hapy to take part in that," he said.
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