Skip to content Skip to Search
Skip navigation

Qatar-owned football club PSG eyes sale of minority stake

By Pramod Kumar
Paris Saint-Germain
PSG is said to have received interest for a minority stake from three separate buyers

Qatar-owned football club Paris Saint-Germain (PSG) is looking to sell a minority stake, chairman and CEO Nasser Al-Khelaifi told CNN.

“I think it’s great for the club, and it is proved that we are doing a fantastic job in the club. I mean, we bought it for around 70 million… so is it [a] good investment?” Al-Khelaifi, also the chairman of sports and entertainment broadcaster beIN Media Group, told the broadcaster.

Bloomberg reported that PSG received interest for a minority stake from three separate buyers, with one offer valuing the club at about €4 billion ($4.1 billion).

The investors are interested in acquiring between 7.5 percent and 15 percent of the French football club, the news agency quoted informed sources as saying. Two of the potential buyers are US-based and the other is European.

The report said that Qatar Sports Investments bought an initial 70 percent stake in PSG in 2011 for about €50 million. 

Asked if potential bidders should share a long-term commitment to the club, Al-Khelaifi said it all depends on the owner.

“Some owners, they have a strategic, long-term project like us,” he said, adding others want to cash out quickly by developing the brand, restructuring the club, and reselling it.

“We love football, but it’s also an investment project,” he stated.

Latest articles

Investor Tim Draper told AGBI the US must 'swing back to freedom' to avoid losing innovation to countries such as the UAE

Tim Draper: UAE benefits from US crypto ‘overregulation’

Billionaire venture capitalist Tim Draper has criticised the US for its restrictive stance on cryptocurrency, claiming it is driving innovators towards more encouraging and friendlier markets such as the UAE. The Gulf state is actively developing regulatory frameworks to lure new forms of business, amid intense regional economic competition. Dubai and Abu Dhabi have set […]

A subsidiary of Banque Misr will open the first digital-only bank in Egypt this year

Egypt to open first digital bank later this year

Misr Digital Innovation will open Egypt’s first digital bank towards the end of the year, as it looks to appeal to the North African’s country’s younger and unbanked demographic. MTI, a subsidiary of Banque Misr, is the first bank to have received approval to establish a digital bank by the Central Bank of Egypt (CBE) […]

Mukesh Ambani, chairman and managing director of Reliance Industries which will receive the investment from AIDA and US-based KKR

Abu Dhabi’s ADIA invests in Indian warehouses

The Abu Dhabi Investment Authority (ADIA) and the US-based private equity firm KKR have invested INR 12,000 crore ($1.5 billion) in India’s Reliance Retail Ventures’ warehousing assets.  Both companies have invested equal amounts in Reliance Logistics and Warehouse Holdings (RLWH), The Economic Times, an Indian financial daily, reported, citing informed sources.  RLWH was established in […]

Saudi Arabia’s industry and mineral resources minister Bandar Al-Khorayef. The country is struggling to meet an FDI target of $100bn a year by 2030

Saudi industry minister tempts investors with funding incentives

Saudi Arabia’s ministry of investments and mineral resources is prepared to finance up to 75 percent of industrial projects in the country, as the kingdom tries to boost its low foreign direct investment (FDI) numbers.  Bandar Al-Khorayef, the minister of industry and mineral resourcespointed to well-developed infrastructure across 36 industrial cities, prefabricated factories ready to […]