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Sovereign Wealth Funds Briefing - Categorized | Investment

Qatar in talks ‘to buy French Ligue 1 football club’

Posted on 12 May 2011

Qatar’s sovereign wealth fund is likely to buy Ligue 1 football club Paris Saint-Germain, according to reports in French media. Qatar Investment Authority (QIA), which has estimated assets worth $80bn, is in talks to buy the French club for a price of around 50 million euros ($71.9m), sports newspaper L’Equipe said.
It said QIA was set to seal the deal in the summer, which will see Qatar assuming ownership of the club from current majority shareholder Colony Capital within a year……………………………………….Full Article: Source

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