Soccer-U.S. private equity group Arctos acquires minority stake in PSG


  • Football
  • Thursday, 07 Dec 2023

FILE PHOTO: Soccer Football - Ligue 1 - Paris St Germain v Clermont - Parc de Princes, Paris, France - June 3, 2023 Paris St Germain's Marquinhos and team mates celebrate winning the Ligue 1 with the trophy REUTERS/Benoit Tessier

(Reuters) - U.S. private equity group Arctos Partners have acquired a minority common equity stake in French champions Paris Saint-Germain, the Ligue 1 club announced on Thursday.

PSG said Arctos's investment will go towards growing the club's operations and supporting their real estate initiatives, including the stadium and training centre.

Financial details were not disclosed but the Financial Times reported Arctos would buy a 12.5% stake which values PSG at four billion euros ($4.32 billion).

Qatar Sports Investments (QSI), who bought PSG in 2011, will continue to have full control of the club and its decision-making.

Arctos will be a non-controlling owner and will not have any influence on any on-field sporting matters, PSG said.

"As a club and institution, we are entering the next exciting phase of PSG's growth and development, both on and off the pitch – which is based on long-term ambitions and attaining excellence in everything we do," PSG president Nasser Al-Khelaifi said in a statement.

"Arctos is a fantastic partner to help us achieve our goals, bringing strategic expertise, ideas and innovation to our business, while providing investment and new relationships to support our footballing and sporting goals."

PSG have won nine Ligue 1 titles since QSI took over the club. They have a four-point lead in the standings this season after 14 games.

Last month, the Aston Martin Formula One team said they had agreed to an investment by Arctos in exchange for a minority shareholding, which valued the racing group at one billion pounds ($1.26 billion).

($1 = 0.9267 euros)

($1 = 0.7949 pounds)

(Reporting by Rohith Nair in Bengaluru; Editing by Ken Ferris)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Football

Soccer-League Cup trophy a part of final chapter with Liverpool, says Klopp
Soccer - League Cup final officials must avoid Liverpool bias, says Pochettino
Soccer-Asian Cup-winning coach Lopez handed Qatar contract until 2026
Soccer-Spain women's team beat Netherlands to secure historic Olympic spot
Soccer-Barcelona have not given up hope of winning successive LaLiga titles, says coach Xavi
Soccer-Leverkusen beat Mainz 2-1 to widen gap at top and set unbeaten record
Soccer-Valencia match postponed after deadly city fire
Soccer-West Ham boss Moyes says he's been offered new contract
Man United should easily see off Fulham
Stanley wants to get KL’s finances in order before announcing team plans

Others Also Read