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Catar Q.S.I Sells Minority Stake in Paris Saint-Germain to American Fund

Paris 07/12/2023 Act. at 17:25 CET

The sovereign fund Catar Q.S.I.who bought Paris Saint-Germain (PSG) in 2011, has sold a minority stake in the club to the American fund Arctos Sports Partnerswhich is valued with this operation at 4,250 million euros.

The Parisian entity announced this Thursday the sale of that “minority participation“in a statement in which he did not give financial details, but sources close to the transaction They told EFE that Arctos Sports Partners keeps 12.5% ​​of the capital.

Qatar Sports Investments, which Until this Thursday he had 100% of the shares of Paris Saint-Germain, will continue to be the majority shareholder of the club. That 12.5% ​​could mean a profit of more than 500 million euros for PSG, a club valued at more than 4 billion euros.

“This association will form the basis of PSG’s next phase of global growth and will boost the club’s football and commercial successes. Arctos’ investment will be used to develop PSG operations and support the club’s strategic real estate initiativesincluding those related to its stadium and the future development phases of the PSG training center in Poissyon the outskirts of Paris,” the club explained in a statement.

Nasser Al-Khelaïfipresident of Qatar Sports Investments and PSG, declared: “We are delighted to welcome Arctos to the Paris Saint-Germain family, as a partner and strategic investor. As a club and institution, we are entering the next exciting phase of PSG’s growth and development, both on and off the pitch, based on long-term ambitions and the pursuit of excellence in everything we do“.

2023-12-07 15:36:45
#million #extra #PSG

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