Register Login Scores

Ligue 1

King Of Bahrain Invests In PSG Rival

French giants Paris Saint-Germain, who are heavily backed by Qatari owners, could receive more competition in Ligue 1 in the long run after the King of Bahrain invested in their city rivals.

Click through the gallery above to see the richest owners in football, and their estimated net worth, according to Forbes.

It has been confirmed that Hamad bin Isa Al Khalifa, the first King of Bahrain, whose net worth is said to be $5 billion (R82 billion), has bought 20% of Ligue 2 side Paris FC.

That investment comes nine years after Qatar Sport Investment bought PSG in 2011, and the French giants have won seven out of nine possible Ligue 1 titles and 24 of their 40 trophies overall since, their most recent being the Coupe de France.

It seems the King of Bahrain is keen to build a rival to Qatari-backed PSG, at least in the long run. For now, though Pierre Ferracci remains the major stakeholder of Paris FC with 77% of the shares.

However, his investment allows the Ligue 2 side, who finished in 17th position in latest campaign and just avoided relegation, to add €5 million (R96 million) to their cash flow, increasing the club's budget by 30%, according to L'Equipe.

"The sporting ambition of the men's first team is to reach Ligue 1 in three years and we hope that the women's team reach the highest level too," the club said in a statement.

"It's an opportunity to take the club into a new era."

Read: 10 Footballers Who Were Rich Before Football

Paris FC have been absent from the French top flight since 1974.

Do you think PSG need more competition in Ligue 1? Have your say in the comments section below.

10 Players Who Became Richer After Football

15 Footballers Who Had Their Shirt Number Retired

Man Utd Transfer News: Six In, Six Out?


Top 5

In Images: SA Coaches Working Around The World

25 Aug 01, 2022 04:47 PM in PSL

Ten Hag Explains Why He Benched Ronaldo

5 Aug 08, 2022 08:27 AM in Messi/Ronaldo/Neymar/Mbappe Watch

Haaland Equals Man City EPL Record

Aug 08, 2022 09:28 AM in English Premier League

Dr Motaung's Words Of Encouragement At Amakhosi Fans Event

23 Aug 01, 2022 01:04 PM in Kaizer Chiefs

33 Players, Sekhukhune Confirm Full Squad

2 Aug 04, 2022 10:08 AM in PSL

Official: Man Utd Confirm 10th Departure

2 Aug 04, 2022 04:48 PM in English Premier League

Shock Club Admits Interest In Ronaldo

3 Aug 05, 2022 08:24 AM in Messi/Ronaldo/Neymar/Mbappe Watch

Chiefs Part Ways With Technical Team Member?

43 Aug 04, 2022 04:11 PM in Kaizer Chiefs

Official: CT City Unveil 2022/23 Season Kit

9 Aug 01, 2022 01:29 PM in PSL

Official: 10 Of The Latest Confirmed Transfers

Aug 03, 2022 07:25 PM in World News

Benni Breaks His Silence On Blockbuster Move

14 Aug 01, 2022 07:34 AM in Players Abroad

Ten Hag Explains Benni Appointment

10 Aug 01, 2022 10:20 AM in English Premier League

Pirates Make Decision On One More?

3 Aug 01, 2022 11:01 AM in Orlando Pirates