Thursday, April 25, 2024
8.8 C
New Jersey

Qatar Sports Investment Seeks to Expand Network with Addition of Spanish Club

Must read

Bradley Booth
Bradley Booth is an experienced editor with a Bachelor's degree in English and a Master's degree in Publishing. He has worked on various projects across genres and is committed to helping writers achieve their goals with high-quality work delivered on time and within budget.

The Spanish club Malaga, which plays in the second division, is in the interests of the Qatar Sports Investments Organization.

And Spain’s COPE has confirmed that the Qatari company, formed in 2004 and led by Nasser Al Khulaifi, president of French club Paris Saint-Germain, has already begun talks to acquire ownership of the Andalusian team. who is going through a bad sporting moment.

Malaga are currently in the center of relegation in the Spanish second division, where they are 20th out of 22 teams with 26 points from 31 rounds of competition.

But in order for Qatar Sports Investments to acquire a majority stake in the Malaga club, Abdullah bin Nasser Al Thani, the president of the Andalusian club and its largest shareholder, will first have to return 51% of the club’s shares.

According to the report, he must pay 9 million euros to the court in order to return this share, and from that moment the club can be sold.

It is noteworthy that in addition to Paris Saint-Germain, Qatar Sports Investments owns a 22% stake in the Portuguese club Sporting Braga, which will make Malaga the third club under the auspices of this empire.

Source: goal

More articles

Leave a Reply

Latest article