Torres said Monday that the Royal Emirates Group of Companies will take over Getafe from July 1, 2012.
He says the group plans to invest up to $130 million so the club regularly finishes in the top six in the Spanish league to play in European competitions.
The group announced the acquisition of Getafe last Thursday with Torres present at the news conference in Dubai, however the club president told reporters upon his return to Spain a day later that it "hadn't been sold."
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