Millions that generate more millions. Qatar Sports Investments, which held 100 percent of PSG’s shares, announced the sale of a minority stake to Arctos Partners Sports, in a deal valued at €600 million. The French press estimates that the North American investment fund will hold 15 percent of the club’s shares, which are valued at 4,250 million euros. According to the information revealed by the club, “Arctos’ investment will be directed towards the growth of PSG’s operations and also to support the club’s strategic real estate initiatives.”
“We are delighted to welcome Arctos into the PSG family as a strategic partner and investor. They are a fantastic partner to help us achieve our goals, bringing strategic expertise, ideas and innovation to our business, whilst also providing investment and new relationships to support our football and sporting goals”, declared Nasser Al-Khelaifi, leader of the French club. For his part, Doc O’Connor, co-founder and managing partner of Arctos Partner, stated: “Our investment in the club is fully aligned with our strategy of establishing partnerships with the best teams in North America and Europe. We are very We are pleased to be joining the PSG family and look forward to working with the president to maximize the club’s potential.”
Donnarumma suspension
Meanwhile, Ligue 1 announced that goalkeeper Donnarumma was suspended for two games after being sent off in the clash between PSG and Le Havre (2-0). The Italian international will therefore miss the games against Nantes and Paulo Fonseca’s Lille. Donnarumma’s performances have been widely questioned due to several mistakes made in recent weeks.
By: John Cruz
2023-12-08 04:01:42
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