Arab investor to save 1860

Bankruptcy-threatened Munich 1860 may have secured a reprieve with an Arabian businessman set to buy a majority share in the second-division German club worth 13 million euros (18.75m US dollars).
The ex-Bundesliga club had been on the verge of bankruptcy, saddled with 14 million euros of debt, report Munich daily the Sueddeutsche Zeitung.
Now multi-millionaire Hasan Abdullah Ismaik, from Abu Dhabi, is close to buying a 49 per cent stake.
The 34-year-old is reported to be willing to pay up to five million euros of the club's debts and wants to invest 20 million euros by 2014 to help the club return to the Bundesliga.