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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.

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