Emir of Qatar open to selling PSG for right offer

  /  autty

According to a report by L’Équipe, sources close to the circles of power in Doha claim that the Emir of Qatar and owner of Paris Saint-Germain Tamim bin Hamad Al Thani is open to selling the French club in the event of a good offer.

This does not mean that Qatar is considering withdrawing from PSG. However, the news outlet alleges that there is concern from the club’s stockholders that interest in PSG has faded in the Middle Eastern country since the 2022 World Cup. Les Parisiens are no longer seen as a priority even if QSI failed in their bid to purchase Manchester United.

It’s further alleged that there is a sense of detachment with the Paris project which comes as Qatar is reducing its level of investment in the club. L’Équipe writes that there is a weariness felt with the prior era of overpaid stars and their attitudes. And while QSI continues to absorb losses, it has been asked to reduce the level of spending and to instead become more financially balanced.

The €500 million purchase of a 12.5% stake in the club from the American investment fund Arctos Partners is considered to be part of this move towards more financial balance.

GFFN | Nick Hartland

Related: Paris Saint-Germain
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