x Abu Dhabi, UAEThursday 27 July 2017

PSG seek investors to compete with Europe's elite

The biggest Paris club have struggled in recent years, caught between poor results and fan violence, but have seen their fortunes turn this season after management decided to clean up the stands.

Colony Capital, the American owners of Paris Saint-Germain, are in talks to sell a stake in the club to help them compete with Europe's elite, PSG's president said in remarks published yesterday.

The biggest Paris club have struggled in recent years, caught between poor results and fan violence, but have seen their fortunes turn this season after management decided to clean up the stands.

"Sebastien Bazin [head of Colony Capital Europe] allowed me to disclose that there are talks to sell a minority stake," Robin Leproux told the French daily Le Parisien.

"To be clear, we are talking about [investors] taking a stake, not selling the club or changing the majority owner."

Leproux declined to identify the buyers, but the paper said that, according to its sources, negotiations were taking place with American and Eastern European investors.

Qatar's sovereign wealth fund has repeatedly been linked to a €40 million (Dh192m) stake buy in PSG, although Leproux declined to comment on a potential Gulf investment.

"The arrival of new partners would be great for everybody at the club … having extra (financial) means would strengthen us," Leproux said.

PSG are second in Ligue 1.