Qatari owners looking to invest in Premier League clubs
The money from the middle east has been flowing into the English Premier League at a rapid pace over the last two decades, in terms of sponsorships or ownerships. That trend is only bound to continue in the coming years and if reports are to be believed, Qatari owners, who also own French club Paris Saint-Germain, are determined to own an English top division club as well.
Nasser Al-Khelaifi, the president of PSG and chairman of Qatar Sports Investments, met Daniel Levy, the executive chairman of Tottenham Hotspur, last week in London. It is being believed that Al-Khelaifi is keen on taking over the mantle at the North London club as the current owners are struggling to make significant investments after consistent failures on the field and with the recent development of a new stadium.
QSI own PSG and also a minority stake in Portuguese club Braga, but they are determined to buy or invest in more clubs in 2023. They could be attempting to emulate the model of City Football Group owned by Abu Dhabi United Group, who have the ownership of Manchester City in England, Mumbai City in India and Melbourne City in Australia among a host of other clubs around the world.
Although the focus for PSG, who currently only own two clubs, is on Tottenham right now as per multiple reports, they could be lured into the other big clubs in the country, a couple of whom recently opened their arms for investors.
It was recently announced by the FSG and Glazers family that their current clubs, Liverpool and Manchester United respectively, have been placed under sale. However, the American owners of both these clubs have been eager to hand over the batons to fellow American investors but with the country undergoing recession, sales of two of England’s biggest clubs might not be a possibility by their means.
Hence, all of the sporting world is bracing itself for a massive purchase bid, which might account for the biggest sale in the history of sports. Manchester United and Liverpool, between themselves, have won 39 first division titles and nine Champions League titles as well, but the Qatari owners are not exactly keeping these two as their first choice.