Does Nasser Al-Khelaifi Own PSG? How Much Did Nasser Al-Khelaifi Buy PSG? All your questions are answered in this article.
Paris Saint-Germain Football Club, commonly referred to as Paris Saint-Germain, PSG, Paris or Paris SG, is a professional football club based in Paris, France. They compete in Ligue 1, the top division of French football. The club has won several trophies, including UEFA Champions League, Ligue 1, Coupe de la Ligue, Coupe de France, etc.
Does Nasser Al-Khelaifi Own PSG?
Nasser Al-Khelaifi is the owner of the PSG club. Nasser bin Ghanim Al Khelaifi is a Qatari businessman and chairman of beIN Media Group, chairman of Qatar Sports Investments, president of Paris Saint-Germain and the Qatar Tennis Federation as well as vice-president of the Asian Tennis Federation for West Asia.
Al-Khelaifi is the chief executive and president director of Paris Saint-Germain in France. Additionally, he is a part of the organizing group of the FIFA Club World Cup, and has been elected head of the European Club Association (ECA).
Nasser Al-Khelaifi was the chairman of Qatar Sports Investments (QSi) since June 2011. QSi is an investment fund of the sovereign wealth that is focused on investments in the leisure and sports sector on both a national and international level.
After the QSi acquisition of Paris Saint-Germain (PSG) football club in June 2011, Nasser Al-Khelaifi became the chairman of the board of PSG as well as the PSG’s CEO and thereby enhancing Qatari passion for French football.
How Much Did Nasser Al-Khelaifi Buy PSG?
In the month of June 2011, Tamim bin Hamad Al Thani bought 70% of PSG’s shares from the state-owned shareholding organisation Qatar Sports Investments (QSI) which is a subsidiary of the Qatar Investment Authority (QIA), the nation’s sovereign wealth fund. Colony Capital (29%) and Butler (1%) were minority shareholders.
Al Thani immediately named QSI chairman Nasser Al-Khelaifi as the club president following the acquisition. All major decisions are made through Al-Khelaifi first, and then Al Thani has the final decision. On March 12, 2012, QSI acquired the remaining 30% of the stake in order to become PSG’s sole shareholder, valuing the club at EUR100m.