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