Colony Capital completes PSG exit
Colony Capital has sold its remaining 30% stake in French football club Paris St Germain (PSG) to Qatar Sports Investments (QSI) in a deal that reportedly values the club at €100m.
Colony Capital had kept the 30% stake in the club following the sale of 70% of the shares to QSI in May last year. The deal, which saw Butler Capital completely exit the business, valued PSG at around €50m. Colony and Butler bought the club from Canal + for €41m in 2006.
Company
PSG was founded in 1970 and won France's Ligue 1 championships in 1986 and 1994. Since it was acquired by QSI last year, the club has spent vast amounts to acquire international star players. It is currently sitting at the top of the Ligue 1 league table.
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