Qatar Sports Investments acquired majority stake of Paris Saint-Germain

Qatar Sports Investments acquired a 70 per cent ownership stake in Paris Saint-Germain

PSG said its American owner, Colony Capital, will keep 30 per cent of the shares. Financial terms of the deal were not announced. QSI was set up in 2005 by Qatari prince Sheik Tamim Bin Hamad Al Thani. The fund's previous investments include a golf club and health spa in Doha - Associated Press is reporting.

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More details follows from Associated Press