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PSG valued at €4.25b as hedge funds scramble for football clubs

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PSG valued at €4.25b as hedge funds scramble for football clubs By Proactive Investors

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Published Dec 08, 2023 10:02
Updated Dec 08, 2023 10:40

© Reuters. PSG valued at €4.25b as hedge funds scramble for football clubs

Proactive Investors – French football club Paris Saint Germain (PSG) has been valued at around €4.25bn following the disposal of a minority stake by Qatari owner QSI.

In another deal highlighting the scramble for top sports franchises, US hedge fund Arctos is buying 12.5% of PSG and though the financial details were not released numerous sources said the deal values the club at €4.25bn (£3.45bn) implying a cost of around €530m.

That compares to a price of around US$5bn excluding debt for Manchester United (NYSE:MANU) based on reports of the amount UK billionaire Jim Ratcliffe is said to be paying for a 25% stake.

Including debt, the deal values Manchester United at between $6 billion and $6.5 billion, according to Reuters.

Chelsea was sold by Roman Abramovich last May for $5.2 billion to US billionaire Todd Boehly and private equity firm Clearlake Capital.

Ratcliffe’s investment is expected to be confirmed next week having taken more than a year to come to fruition.

Unlikely Ratcliffe however, who has promised sweeping changes to the football activities of the Manchester club, Arctos said it will not influence on-field matters.

Instead, the hedge fund will focus on “operations and real estate initiatives”, such as the stadium, and new training ground.

Developing PSG’s women’s side will also fall to Arctos, which has a current portfolio of minority stakes in more than thirty sports franchises including Fenway Sports, the owner of ManU’s bitter rival Liverpool FC.

Doc O’Connor, Arctos’ managing partner, said: “Our investment in the club fully aligns with our strategy of partnering with best-in-class teams across North America and Europe.

“We are excited to be joining the PSG family and look forward to working together with president Nasser Al-Khelaifi to maximise the club’s potential providing strategic expertise and investment to drive the next phase of development, growth and success of this great institution.”

QSI bought PSG for €70m in 2011.

Read more on Proactive Investors UK

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PSG valued at €4.25b as hedge funds scramble for football clubs

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