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Sun 4 Mar 2012 12:09 PM

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PSG profitable within five years - Qatar

Football club’s new Qatari president wants to help it rival game's best teams

PSG profitable within five years - Qatar
PSG has pursued stars like David Beckham in recent months (Getty Images)

Qatar aims to use its gas-fueled
riches to make French football club Paris Saint-Germain (PSG) turn a profit within five years, the
club’s new Qatari president has claimed.

"This is our strategy to
bring PSG on long term to be one of the biggest in the world," the club’s
news Qatari president Nasser Al-Khelaifi told CNN.

The 38-year-old Al-Khelaifi was installed president
after Sheikh Tamim Bin Hamad Al Thani bought a 70 percent share in PSG
through his Qatar Sports Investments company in June last year.

PSG created headlines
in 2011 when it was reportedly looking to pursue Manchester City's Argentina striker
Carlos Tevez and former Manchester United and Real Madrid star David Beckham.

Despite plans to invest in more
players and raise the club to rival its European rivals, Al-Khelaifi said it is
Qatar’s long-term target to make PSG into a profitable club.

"In five years we want to
make money,” he told CNN.

"We are not saying we are
going to be the best club in the world, because it's really tough; you've got
history behind other clubs in the (English) Premier League or Spanish or
Italian leagues so we are going to try and make it.

"For us, of course, with the
passion of football you know we love football, we love Paris. Paris is a great
city and it's really that Paris deserved to have a big club in the world and
that's why we came to Paris and bought PSG.

"In the beginning some of the
people for sure, they were against us but now I believe most of them or all of
them they are with us, supporting us and PSG.”

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