Paris Saint-Germain on Thursday announced an agreement with North American investment fund Erectus Partner, which will become the club's second-largest shareholder. The owner of the club is Qatar Sports Investments, the main shareholder that until this Thursday held 100% of the Paris team's holdings.
Although the club's announcement did not specify what percentage the new shareholder would hold, it was estimated that it would reach 15% and in return they would invest €600 million for the club. The value of the club is estimated at €4 billion. According to the announcement, the new shareholder will not influence PSG's sporting decisions.
BREAKING: PSG owners have agreed deal to sell up to 12.5% of shares in the club to Arctos Partners 🤝
The deal values PSG at €4.25 billion, which is a record for a football club 💰📈 pic.twitter.com/7kJV1yKHUR
— Sky Sports News (@SkySportsNews) December 7, 2023
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The president of the Paris club, Nasser Al Khelaifi, was pleased and said after the signing of the agreement: "We are delighted to welcome Erectus to the Paris Saint-Germain family as a partner and strategic investor. As a club and as an institution, we are entering the next exciting phase of PSG's growth and development, on and off the pitch, based on long-term ambitions and striving for excellence in everything we do. Arctos has been an exceptional partner that has helped us achieve our goals, bringing strategic expertise, ideas and innovation to our business, while providing investments and new connections to support our football and sports goals."
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