Qatar SWF Has Possible Interest in Paris Saint-Germain Football Club
Sovereign wealth funds are no strangers to European football clubs. Football clubs present an attractive investment opportunity for strategic sovereign funds, as it gives them exposure to advertising and entertainment sectors. The Libyan Investment Authority used to own a part of the Juventus club.
In June 2009, Colony Capital bought out Morgan Stanley’s interest in the French football team, Paris Saint-Germain (PSG). Colony Capital is now looking to sell its holding in Paris Saint-Germain. They are looking to sell their 95.8% stake in the club.
One potential suitor is the Qatar Investment Authority. It is rumored that the proposed deal figure is around €50 million. Not to also mention, the Emirates Group is an official partner of PSG and has renewed its team sponsorship until the 2013-2014 season.
Qatar will be hosting the 2022 FIFA World Cup. Qatar is the first GCC nation to host a World Cup.
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