Qatar buys remaining 30% of Paris St Germain

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Getty Images)

(Getty Images)

Qatari investors have bought the remaining 30 percent of top-flight French soccer club Paris St Germain, said a spokeswoman for Colony Capital, the US investment fund that sold the stake.

Qatar Sports Investment bought the stake roughly eight months after Colony had sold the other 70 percent of the capital city's only Ligue 1 club to Qatari investors.

"I can confirm that Colony sold the remaining 30 percent," the spokeswoman said, confirming a report on news website Wansquare, which said the transaction valued the entire club at €100m (US$131.15 million).

A spokesman for the club, which is top ranked in Ligue 1, could not immediately be reached for comment.

Paris St Germain, which spent over € 80m in transfers last summer after the initial Qatari investment, has not won the French title since 1994.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Is this the end of F1?

Is this the end of F1?

By this time next year, five of the current 11 Formula One teams...

5
Football focus: Premier League’s big spenders

Football focus: Premier League’s big spenders

How the British clubs spend millions to survive in the world...

Hole in one: Golfing in Dubai

Hole in one: Golfing in Dubai

Teeing-off in Dubai is becoming ever more interesting, with several...

1
Most Popular
Most Discussed
  • 20
    Why Dubai should consider removing the rent cap

    Not even one comment supporting the author. I wonder if he is trying to create a bubble. more

    Monday, 24 November 2014 2:25 PM - Anil
  • 14
    Life sentence for London hammer attacker

    The death sentence is a free pass. The purpose of punishment has always been to provide a lesson for misbehaving. No one learns a lesson by dying. Life... more

    Friday, 21 November 2014 2:02 PM - LordLands
  • 5
    Is this the end of F1?

    Compare this to WEC and you see a stark difference. The 'formula' for WEC is much more wider and more accomodating. They have been runnning hybrids for... more

    Monday, 24 November 2014 2:30 PM - Vincent