Deutsche Bank helping Qatar raise funds to buy European football club

Several media reports have claimed Qatar is looking to buy British club Leeds United
Deutsche Bank helping Qatar raise funds to buy European football club
By Shane McGinley
Mon 24 Jun 2019 11:58 AM

Deutsche Bank is helping Qatar raise money to buy a top European football club, a source close to the deal told Arabian Business.

While the German lender declined to comment when contacted by Arabian Business, there has been mounting media speculation that Qatar is looking to buy a stake in British club Leeds United.

The New York Times reported on June 3 that Qatar had met with officials from Leeds United, citing information from two unnamed sources.

The Financial Times reported a similar story on May 25 and The Telegraph in June reported that Andrea Radrizzani, the owner of Leeds United, was in Doha for discussions about a potential stake in the Elland Road club, which in October celebrates its 100th anniversary.

Qatar bought French football club Paris Saint-Germain for $130 million in 2012.

The Qatar Investment Authority did not respond to messages to comment when contacted by Arabian Business.

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