From the NYT: This year, Qatar Sports Investments, a branch of the emirate’s sovereign wealth fund, completed a buyout of Paris Saint-Germain, the French soccer club known as P.S.G., that reportedly valued the club at $130 million. With an additional investment of an estimated $340 million — a number unheard-of in French soccer — the team has recruited more than 15 players from the top ranks of international soccer, including the Swedish striker Zlatan Ibrahimovic, whose $21 million salary set a record in France.
The team’s budget is up 100 percent from last year, to $392 million, more than twice that of any other club in the league.
P.S.G.’s new slogan seems an apt summation of the Qatari approach to French soccer: “Dream Bigger.”
Outside France, a fire hose of foreign money has in recent years radically altered the financial landscape of European soccer. Free-spending billionaires from Russia and the United Arab Emirates have forced a rethinking of what’s fair. Continuez.