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Context of 'May 31, 2011: Qatari Government Vehicle Buys Top French Football Club'

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Sheikh Abdullah Bin Nassar Al-Thani, a member of the Qatari royal family, agrees to buy a majority stake in Malaga football club for €36m from current president Fernando Sanz. “The agreement has already been notified to the Spanish Sports Council and will be completed shortly, given that said public body has provided its verbal approval of the agreement’s terms and conditions,” says the club. Al-Thani, who will also assume the club’s debt, is extremely wealthy and manages a business empire based in the United Arab Emirates, which employs around 3,000 people and operates in more than 30 countries. His interests include hotel chains, shopping centres, mobile phone companies, car dealerships, and a bank. Malaga’s highest ever finish in the Spanish top flight is seventh, and they have been relegated to the second tier frequently. They recently finished 17th out of 20 clubs in Spain’s Premiera Division. Al-Thani comments, “Our goal is to help Malaga take the necessary steps to consolidate its presence in La Liga and to reinforce the excitement and hopes of the supporters.” [Reuters, 6/26/2011]

Entity Tags: Malaga Club de Futbol, Fernando Sanz, Abdullah Bin Nassar Al-Thani

Timeline Tags: Football Business and Politics

Qatar Sports Investments (QSI) hires lawyer Laurent Platini, son of UEFA president Michel Platini. QSI, an arm of the Qatari government, owns a majority interest in the leading French club Paris St. Germain (PSG—see May 31, 2011) and is also Barcelona’s shirt sponsor. Michel Platini voted for Qatar to host the 2022 World Cup (see Around 2:30 p.m. December 2, 2010). [Goal(.com), 1/28/2011] Platini is also one of the men responsible for ensuring PSG complies with incoming financial fair play regulations, something it may have difficulty doing. [Observer, 1/29/2011]

Entity Tags: Paris Saint-Germain Football Club, Qatar Sports Investments, Laurent Platini

Timeline Tags: Football Business and Politics

The Qatari Investment Authority buys a 70 percent stake in the leading French club Paris St. Germain. The club’s former controlling investor, the US Colony Capital group, retains an interest of nearly 30 percent. The takeover comes after PSG finished fourth in Ligue 1—their highest placing since 2004—and reached the French cup final. [ESPN, 5/31/2011] The investment will be operated by Qatar Sports Investments, an arm of the new owners. [Guardian, 11/22/2011]

Entity Tags: Qatar Sports Investments, Paris Saint-Germain Football Club, Qatari Investment Authority, Colony Capital

Timeline Tags: Football Business and Politics

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