Tech & Business
7.28.2020
Bahrain becomes shareholder of Paris FC
Paris FC, who have not been in the top flight since 1974, can now revise their ambitions upwards. Indeed, the Kingdom of Bahrain has just invested heavily in the club, making the sovereign fund a minority shareholder with a 20% stake in the company.
The news should delight the aficionados of the capital’s second largest club. The arrival of the Kingdom of Bahrain as a new reinforcement, through an increase in the club’s equity capital, essentially means more resources and higher ambitions. The club’s sporting ambition is to make it to the top flight within the next three years and to take its women’s team as high as possible in the women’s D1 championship,” said the club’s new minority shareholder (20%).
➡️C'est officiel le Paris FC cède 20% de son capital au Bahreïn. Pour obtenir ces 20%, le petit émirat aura déboursé 5M€, ce qui valorise aujourd’hui le club à 25M€
➡️L'objectif est une montée en L1 d'ici 3 ans.
➡️Bientot un duel PSG-ParisFc en L1??? 🔥🔥🔥🔥 pic.twitter.com/kK4uAiVHTo— Actu France Foot (@ActuFranceFoot1) July 27, 2020
The machine is up and running
Paris Football Club, which is following in the footsteps of its “big brother” Paris Saint-Germain, which has been owned by Qatar since 2011, is not planning to stop there. In addition to a 30% increase in its budget, for which it has not given a date, the club is planning to expand its investor base in the coming months to include a new foreign investor as well as Ile-de-France business leaders, without giving further details.
For Bahrain, this is a logical continuation of its policy of investing in the sports sector, after having created its own cycling team in 2016 (Bahrain-Maclaren), or the organisation of a Formula 1 Grand Prix for more than 15 years now. So, when will the Paris derbies be held?
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