By Andy Sambidge
Qatar Sports Investments chief targets Champions League football for 2012, eyes strong int'l brand
Qatar Sports Investments is targeting Champions League football for Paris Saint-Germain in 2012 after completing its deal to buy a controlling 70 percent stake in the French club.
The investment firm said the Ligue 1 team, which finished fourth
in last season and qualified for the Europa League, would become a "great team", with a strong brand, reported news agency AFP.
QSI president Nasser Al-Khelaifi, who also heads the Al Jazeera TV
channel, said he believes the takeover will help
revive the fortunes of the club. Al Jazeera last week succeeded in its
bid to broadcast Ligue 1 matches in France.
"We will work over the coming years to make PSG a great team and a
strong brand on the international scene, one that will make all the fans
proud," said Al-Khelaifi in a statement cited by AFP.
QSI's five-year strategy includes qualifying for the Champions League in
2012, which means securing a top three place in the French top-flight
Last summer, Qatari businessman Sheikh Abdullah bin Nasser al-Thani took over Spanish La Liga club Malaga after sealing a $44m deal.
The chairman of Nasser bin Abdullah and Sons Group took 100 percent ownership of the club.For all the latest sports news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.