GENEVA — Chechen businessman Bulat Chagayev is leading a takeover of top-tier football club Neuchatel Xamax, Swiss media reported Tuesday.
The club said on its web site that a deal to transfer ownership is almost complete, but details can't be revealed before a meeting scheduled May 12.
Chagayev is vice president of Russian league club Terek Grozny, which recently hired Dutch playing great Ruud Gullit as manager.
Terek president Ramzan Kadyrov is also is the Kremlin-backed leader of Chechnya. Neuchatel is eighth in the 10-team Swiss league, three points clear of the relegation zone. It won the last of its two Swiss championships in 1988.
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