NEWS
Tuesday March 19 2013
PSG owner in Malaga takeover?

A respected figure in Andalucian sport has claimed that Malaga are close to being taken over by Paris Saint-Germain’s owner.

Malaga are in financial uncertainty amid Sheikh Abdullah Al-Thani’s decision in the past 18 months to cut back on financing the club’s operations.

The Costa del Sol side are currently appealing a season-long European ban handed to them by UEFA for various debts to footballers and other clubs and they are fast approaching a March 31 deadline where they must settle remaining ‘overdue payables’ - currently reported at €10m - or face a second season out of any European competition they may otherwise qualify for.

According to Andalucian based entrepreneur Alfredo Guerisoli on Canal Sur Radio this week, owner Al-Thani has found a potential solution in a quick sale, with negotiations going on with cousin Sheikh Tamim Bin Hamad Al-Thani and described as ‘advanced’.

Sheikh Tamim Bin Hamad Al-Thani purchased 70 per cent of PSG’s shares through his Qatar Sports Investments company in June 2011 and has since overseen heavy investment in the Parisian outfit.

Argentine Guerisoli claims that the deal could be finalised by the end of the month, in time to clear the debts and avoid that second UEFA suspension.

Both PSG and Malaga are through to the quarter-finals of this season’s Champions League.

Football Italia website