Qatari Sports Investment have solid a minority stake of Paris Saint-Germain to a US ownership group, who will help with "operations and real estate."
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Have sold 12.5 per cent to US group ArctosPrivate investment fund also own parts of Aston Martin, LA DodgersDeal values PSG at €4.25billion (£3.64bn/ $4.58bn)Getty ImagesWHAT HAPPENED?
QSI have sold a 12.5 percent share in PSG to an American investment firm, dubbing the deal a "landmark strategic partnership" in a club statement. Arctos Partners, the investor group, have agreed to grow club operations, and will play a part in stadium and training ground renovations.
AdvertisementTHE BIGGER PICTURE
Their deal, the exact of the price yet to be announced, values the club at over €4bn, according to . QSI bought the club for €70m (£60m/$75m) in 2011. That same report notes that the investment group will not have any influence on any on-field matters, and are not planning on buying a majority stake.
GettyWHAT NASSER AL-KHELAIFI SAID
QSI chairman Nasser Al-Khelaifi lauded the deal in an official release: "Arctos is a fantastic partner to help us achieve our goals, bringing strategic expertise, ideas and innovation to our business, while providing investment and new relationships to support our footballing and sporting goals. From day one, they have passionately believed in our project, our plan and vision for the Club – and we are proud to have them as part of our family. Today is an important milestone in Paris Saint Germain’s history, which will contribute greatly to the continued success and growth of our great Club."
DID YOU KNOW?
Arctos have invested extensively in sporting brands in recent years. They own parts of over 30 organisations, including a stake in Liverpool ownership Fenway Sports Group, and MLB's Los Angeles Dodgers. They also hold a minority stake in luxury car manufacturer Aston Martin.