PSG has sold a portion of its shares - the club will receive a substantial sum of money
Paris Saint-Germain has struck a lucrative deal with the North American investment fund, Arctos Partners. Arctos Partners purchase a minority stake in the Paris club, as announced on PSG's official website.
“The partnership will form the foundation of the next phase of PSG’s global growth and drive forward the Club’s footballing and business success. The investment from Arctos will go towards growing PSG’s operations and also supporting the Club’s strategic real estate initiatives, including relating to its stadium and the future development phases of PSG’s world-leading training centre at Poissy in suburban Paris”, - as announced on PSG's official website.
According to reports from European media, particularly AS, Arctos Partners acquired a 15% stake in the club. The fund paid approximately 600 million euros for the shares.
Earlier reports suggested that PSG might lose its star player, Kylian Mbappé. The club's president, Nasser Al-Khelaifi, and the French forward have not rushed into negotiations for a new contract, as Mbappé's current agreement with the club expires in the summer of 2024.
PSG currently leads in the French league, amassing 33 points from 14 played matches. On December 9th, Luis Enrique's team will face Nantes in Ligue 1.
Liam Carter
Dailysports's expert
Translated by the editors
