In January, Ahsan Ali Syed, an Indian businessman, purchased Racing Santander, the 98-year-old club who are 14th in the all-time Spanish league table. However, these funds were never received and the partial transfer never took place. Through these tough years slogging in the third tier, they still managed to draw crowds of about 9,000 to their ground, and continually fought for playoff spots. Racing Santander is not a well known name having never won a top honor in their one hundred year history. Racing Santander is one of the most historic clubs in Spain, an original founder of La Liga in 1929, and beloved by its people. "The source of these serious allegations is known. Racing Santander were bottom. Attendances in the ground would drop from 20,000 to 13,000. When Blackburn was eventually taken over by Venky’s, Mr Syed turned his focus on the Liga and subsequently bought out financially strapped Racing Santander a few months ago. Nickname(s) Los Racinguistas Short name Santander Founded 23 February 1913 Ground Estadio El Sardinero (Capacity: 22,222) Owner Grupo PITMA (61%) Chairman Alfredo Pérez Head Coach José Luis Oltra: Current League: Segunda División B 2019–20: Segunda División, 22nd (relegated) Interpol would begin an investigation into Ali Sayed’s business dealings and he would eventually cut off all contact with the Racing board. The new owner of Spanish club Racing Santander, Indian businessman Ahsan Ali Syed, denied "serious allegations" over the conduct of his business. Racing Santander Full name Real Racing Club de Santander, S.A.D. Fans in North America are more likely to … Racing Santander owner Ahsan Ali Syed defaulted on the repayment of part of the Spanish soccer team’s debt to the regional government, which has the … Initially, Serepisos claimed he had obtained finance through Swiss-based lenders, then announced he had agreed to a deal with Western Gulf Advisory, the Bahrain-based lender owned by Racing Santander owner Ahsan Ali Syed which would see 50% of the club sold. The owner would be gone too. Players would walk, eight of them in fact. Once a top-flight team in Spain, Santander has been relegated twice in just two seasons since the exit of former team owner Ahsan Ali Syed. "He" was Ahsan Ali Syed, the new owner of Racing Santander, and "here" was the Coliseum Alfonso Pérez, the home of Getafe. Indian tycoon Ahsan Ali Syed has purchased Spanish Primera Division club Racing Santander, it's been announced on Friday. ... "I am excited and proud to be the new owner [of Racing Santander]". 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