UAE wants to buy two Brazilian soccer teams: Bolsonaro

UAE wants to buy two Brazilian soccer teams: Bolsonaro
1 min read
20 November, 2021
The UAE is looking to purchase two Brazilian football teams, according to President Jair Bolsonaro.
Rio de Janeiro's Botafogo might be one of the teams being purchased [Getty]

Brazilian President Jair Bolsonaro said on Friday that the United Arab Emirates wants to buy two soccer teams in Brazil.

Bolsonaro, who has just returned from a trip to the UAE, did not give any details about which teams, but said he suggested Rio de Janeiro's Botafogo. His sons support the club.

"The Emirates have 12 soccer teams outside their country, and they want two teams here in Brazil," he said on a weekly video address on social media.

The most well-known club owned by the UAE, via its Mubadala Investment Company sovereign wealth fund, is Britain's Manchester City, managed by Pep Guardiola. The president's son, Eduardo Bolsonaro, said Manchester City's Chairman Khaldoon Al Mubarak was present at meetings with the Brazilian delegation.

This year, Bolsonaro signed off on a law that allows Brazilian soccer clubs to operate as companies, which would allow them to enter into sale negotiations with foreign bidders.