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Qatar-owned football club PSG eyes sale of minority stake

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.

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