Qatar buys remaining 30% of Paris St Germain

The Gulf state now owns 100% of the French football club
Qatar buys remaining 30% of Paris St Germain
(Getty Images)
By Reuters
Wed 07 Mar 2012 11:08 AM

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.

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