sport news PSG's Qatari owners 'seeking overall valuation of £3.5billion' as they seek ... trends now
The Qatari owners of Paris Saint Germain are seeking an unprecedented valuation of £3.4bn (€4bn) as they sought fresh investment in the club.
Since the summer, the owners Qatar Sports Investments have sought new investment through the selling off of a 15 per cent stake in the club. Discussions have since been taking place between various interested parties.
Nasser Al-Khelaifi, the owners' representative in France and president of the club, told the Financial Times that talks over the 15 per cent stake were taking place under the valuation of the club at '€4bn'.
Nasser Al-Khelaifi - the president of Paris Saint Germain - said they were seeking investment
There have been some suggestions around world football that the owners could soon lose their appetite for the sport after hosting the World Cup, which is taking place in Qatar until December 18. Al-Khelaifi poured scorn on this notion.
'PSG is an investment in sport — we’re proud of the club and our fans,' he said. 'We have a long-term project here.
'We need a new stadium. We need to own the stadium.'
PSG has emerged into one of the key players in global football, with the Qataris having spent over a billion pounds on transfers alone during their tenure of ownership. This included the £222m acquisition of Neymar in 2017, following high-profile signings of David Beckham - who is an ambassador for the Qatar World Cup - and Zlatan Ibrahimovic.