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

Migrants attempting to reach Italy from Tunisia. About 270,000 so-called irregular migrants arrived in the EU via sea crossings last year

EU reveals total aid to North Africa to combat migration 

The European Union provided €673 million ($718 million) in funding to four North African countries from 2021-23 to help the quartet reduce what it calls irregular migration to the 27-member bloc, official data shows. Last year about 270,000 “irregular migrants” arrived in the EU via sea crossings, 64 percent more than in 2022. Crossings from […]

The SPA report highlighted a number of metrics as being on target, including home ownership of 53.7 percent

Third of Vision 2030 projects ‘completed’ government says

One third of 1,064 planned projects have been completed so far under the Vision 2030 economic transformation plan, the Saudi government said in its annual progress report on the reform programme.   The report also said 561 initiatives were on track, according to the state-owned Saudi Press Agency, publishing its major findings. It was not […]

Tawfik Alzaidi

Saudi director’s labour of love takes the kingdom to Cannes

For the first time a Saudi film has been selected to compete in the Cannes film festival, catapulting its little-known self-taught director into the limelight. Tawfik Alzaidi was so surprised that he’d managed to break through to the big time that he kept the news that his film Norah had been accepted for the ‘Un […]

Joby Aviation's CEO JoeBen Bevirt (2nd left) at the signing of a multilateral agreement with the three Abu Dhabi government departments

Abu Dhabi signs multiple deals to launch air taxi services in 2025

A commute from Abu Dhabi to Dubai could take only 30 minutes next year, with the introduction of air taxi services significantly slashing travel time between the emirates. The electric aircraft manufacturer Joby Aviation signed agreements this week with Abu Dhabi’s Department of Municipalities and Transport, Department of Economic Development and Department of Culture and […]