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QSI completes PSG takeover

QSI completes PSG takeover

1 Jul 2011
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QSI has acquired a 70% stake in PSG for a reported Eur50 million, with the agreement furthering Qatari interest in French football. Al-Khelaifi also serves as president of Al Jazeera, which last week snapped up a package of domestic broadcast rights to Ligue 1 for the 2012-16 seasons, adding to the broadcaster’s capture of the league’s overseas rights in a six-year deal.

Sebastien Bazin, president of PSG’s former majority shareholder Colony Capital Europe, hailed the QSI agreement as a “great moment” adding “I am convinced that I have left PSG in good hands”.

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