Why did Oryx Qatar Sports Investments choose to invest Paris Saint-Germain instead of Olympique de Marseille?
Cristiano Ronaldo says he would ‘NEVER’ turn his back on his country as he slams reports about his behaviour… Gareth Southgate claims England are ‘feeding at the top table now’ with other heavyweight nations… Adel Mohammed Tayyeb Mustafawi serves as Vice Chairman of QSi and holds various other leadership positions within the Qatari banking industry. The additional three other board members include Yousif Mohammed Al-Obaidli, Mohammad Abdulaziz Al-Subaie, and Sophie Jordan, who are also member of beIN Media Group’s board of directors.
This unprecedented move will show the world that their words are backed up by decisive action. Such ownership corrupts the sport by creating an untenable relationship between the game, its fans, and state-sponsored malfeasance. From 1973 through 2011, the ownership of the team changed hands multiple times.
If you were to follow the PSG players’ social media accounts, then you will rarely find any of them shown training or preparing for the next match or competition. The explicit sporting goal for Les Rouge et Bleu for the last nine years has been to become the biggest club not just in France but in Europe by winning the Champions League. QSI is a branch of a much larger tree called the Qatar Investment Authority , which is a sovereign wealth fund owned by the state of Qatar.
QSi is led by Chairman Nasser Al-Khelaifi and Vice Chairman Adel Mohammed Tayyeb Mustafawi, and its board of directors has three additional members. According to Una Galani, QSi “is thought to be owned by the finance ministry and the Qatar Olympic Committee.” QSi is subsidiary of Qatar Investment Authority , the state-run sovereign-wealth fund in Qatar. According to reports from Glusea, Nassel Al-Khalaifi’s net worth is an estimated $8 billion. Al-Khelaifi became the new president and chief executive officer of PSG in October 2011. His appointment as the PSG owner came only a few months after he became the chairman of Qatar Sports Investments .
The state investment fund has utilized QSI to create a niche in the sports and entertainment industry. Paris SG is the crown jewel of their efforts as they are, according to Forbes, the 11th most valuable club in football. Reaching the final of the UCL tournament must be seen as a success for the team and its Qatari owners despite the fact they have flaunted Financial Fair Play regulations multiple times in the process. In June of 2011, Oryx Qatar Sports Investments took the majority share ownership of Paris SG. QSI went on to take over full ownership the following year. Nasser Al-Khelaifi, the new ownership group’s chairman, has been president of the club since the takeover.
With a ferocious attitude for work and high demands of those he surrounds himself with, Al-Khelaifi is considered one of the key players in Qatar’s soft power strategy and his position of strength is not thought to have yet been weakened by the accusations levelled at him. Furthermore, the year has been blighted by accusations of corruption, which have been persistently batted off by Al-Khelaifa’s legal team as “an injustice”. The group decided to buy PSG in 2011, and Al-Khelaifi was immediately made the Chairman and CEO of the club.
He is known as one of the world’s best players and has strengthened some of Europe’s top teams, call it Barcelona and AC Milan. But apparently, long before the club was acquired, there are three top players who could strengthen and very reliable by PSG. Even last in the summer transfer market in 2017, Les Parisiens successfully broke the transfer record by bringing Neymar from Barcelona for 222 million euros. Not to forget, Kylian Mbappe is also borrowed from AS Monaco with a purchase option at the end of the season worth 180 million euros.
The fact that these countries own sporting clubs illustrates the point that mixed economies where the state is directly involved in the private affairs of the economy are linked directly to authoritarianism, racism, extremism, and totalitarian regimes. The rest are migrant workers subject to an even stricter form of kafala that also requires an employer’s permission before any worker can even leave the country. Paris Saint-Germain’s owners have a laundry list of ethical and moral failures. It’s even more shocking to know that the club was once was fan-owned for its first three years of existence and had roughly 20,000 members.
He is the chairman of Al Jazeera sports company and in September 2008, Mansour acquired Man City football club. The fact that a country’s government or regime may be philosophically, morally, and ethically wrong is one primary reason why nation-states should never be involved in football club ownership. Qatar Sports Investments is a closed shareholding organization founded in 2005 and based in Doha, Qatar. Revenues generated from ventures of QSi are reinvested into Qatar’s sport, leisure and entertainment sectors.
Neymar’s world record move to Paris Saint-Germain was completed on Thursday when the French club confirmed the Brazilian superstar had signed a five year-deal, earning him an estimated €30 million a year. Neymar will watch from the stands as Paris Saint Germain open their season on Saturday as his hopes of playing in the match were dashed when rahki body his international transfer certificate failed to be lodged with the French league by the midnight deadline on Friday. However, al-Khelaifi’s lawyer, Francis Szpiner, told the AFP news agency that his client “was neither a shareholder nor an executive at Oryx in 2011,” adding that he did not authorize any payments relating to the allegations.