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Qatar’s Sheikh Tamim bin Hamad Al Thani had two important appointments this week. The first took place on Tuesday at the Parc des Princes. He is not often seen at Paris Saint-Germain‘s stadium but appeared in the French capital to watch his team’s defeat against Bayern Munich with Nasser Al Khelaifi, his most trusted associate at the French club. The second meeting is due to take place on Thursday.
As MARCA revealed on March 8, Qatar will be one of the investment groups bidding for the auction opened by United and that expires today for the U.S. bank Raine Group, which would be leading the operation.
The Gulf state did not previously want to make a move despite continuous rumors about other buyers, including Jim Radcliffe, owner of INEOS, and even Elon Musk, new owner of Twitter. They believe that there are many interested parties and not as many offers as as there may appear for the Glazer family.
Qatar would not enter in principle through QSI, the fund owned by PSG, although UEFA has already been contacted to ensure that it would not enter into conflict given that there are already similar cases. If the purchase were to become effective, there is talk of a sum amounting some 6 billion euros, it would either be through the QIA sovereign wealth fund or via private Qatari businessmen close to the royal family.
There are precedents similar to Qatar’s in the event that the deal were to close. In soccer, for example, Red Bull has interests in Leipzig and Salzburg.
Ten Premier League clubs are part of a multi-fund co-ownership system. The Saudi Arabian sovereign wealth fund (PIF) managed secure a stake in Newcastle despite initial misgivings in the Premier League and, believe it or not, convinced the Premier League that the capital did not come from the state.
On the other hand, Ratcliffe is bidding with INEOS and is already the owner of Nice. They could also coincide in European competitions but despite this he is not bidding with a different investment group.
A Manchester United fan
Qatar, however, would leave QSI on the sidelines, focusing on PSG, which implies that the Parisian club’s president would not be linked to this operation either.
Qatar, after the World Cup, accelerated its offensive during 2023 to enter the Premier League. They are passionate about the English league and studied at the most prestigious schools in the country, namely: Sherborne School, Harrow School and the Royal Military Academy, Sandhurst. People close to the sheikh say that he is chiefly a Man United fan.
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