The Qatar Sports activities Investments group is searching for to extend its portfolio
With Qatar searching for to bolster its affect in world soccer after internet hosting final yr’s FIFA World Cup, figures from the gulf state’s funding group have held talks with Tottenham Hotspur with a view to buying a stake within the Premier League aspect.
Based on The Guardian, figures near Nasser al-Khelaifi, the top of Qatar Sports activities Investments (QSI) and the chairman of French group Paris Saint-Germain, have confirmed that he met with Tottenham chairman Daniel Levy in London final week the place they mentioned a possible QSI minority funding within the membership.
Related reviews linking QSI to bids for each Manchester United and Liverpool, who’ve every invited funding in current months, are considered off the desk for now.
The potential transfer is intricately timed: the pound is presently in a weak place, and Qatar stays on the forefront of soccer, briefly at the very least, after fulfilling its internet hosting duties final month for the FIFA World Cup which, regardless of some controversy related to the occasion, was largely described as a hit, main figures inside Qatar to consider that the time is correct to take a position on the earth’s hottest soccer league.
Nonetheless, soccer guidelines mandate that QSI will solely be permitted to buy a partial stake in Tottenham because of pointers dictating that golf equipment owned by the identical entity can’t compete in the identical competitors.
Each Paris Saint-Germain and Tottenham repeatedly compete within the UEFA Champions League.
Minority stakes, although, are inside the guidelines – with QSI already holding a 22% stake in Portuguese membership Braga forward of any future investments it makes.
Whereas QSI are presently thought-about to be frontrunners for funding into Tottenham, it’s thought that at the very least two different events are contemplating a bid.
Tottenham, who’re presently fifth within the Premier League, presently maintain massive money owed in extra of £700 million ($ 850 million) following the constructing of the membership’s 62,000-seater Tottenham Hotspur Stadium, which was opened in 2019.