Qatar National Bank has renewed its sponsorship deal with French football champions Paris St Germain for three years.
The extension will start at the beginning of the 2013/2014 season and will include placement of the lender’s logo on the sleeves of the team’s jersey, as well as other branding around the Parc des Princes Stadium.
Qatar National Bank, the resource-rich Gulf state’s largest bank, did not disclose how much the agreement was worth.
The club’s main shirt sponsor will remain Dubai’s Emirates Airline, which recently signed a five-year extension to their partnership with the club until the end of the 2018/2019 season.
Qatar Sports Investment, a division of the gas-rich Gulf state’s sovereign wealth fund, acquired Paris St Germain between 2011 and 2012 for approximately $130m from US private equity firm Colony Capital.For all the latest banking and finance 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.
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