He is the chairman of Al Jazeera sports company and in September 2008, Mansour acquired Man City football club. The fact that a country’s government or regime may be philosophically, morally, and ethically wrong is one primary reason why nation-states should never be involved in football club ownership. Qatar Sports Investments is a closed shareholding organization founded in 2005 and based in Doha, Qatar. Revenues generated from ventures of QSi are reinvested into Qatar’s sport, leisure and entertainment sectors.
The Champions League semi-finals are set, with Real Madrid, Chelsea, Paris Saint-Germain and Manchester City all booking their spots in the final four this week. Man City overcame a tough challenge in Dortmund, while PSG knocked out holders Bayern Munich in the quarter-finals. With Man City set to square off against PSG in what promises to be a thrilling tie in the semi-final, here’s a look at the net worth details of the owners of the two teams.
The fact that these countries own sporting clubs illustrates the point that mixed economies where the state is directly involved in the private affairs of the economy are linked directly to authoritarianism, racism, extremism, and totalitarian regimes. The rest are migrant workers subject to an even stricter form of plastic knife self defense kafala that also requires an employer’s permission before any worker can even leave the country. Paris Saint-Germain’s owners have a laundry list of ethical and moral failures. It’s even more shocking to know that the club was once was fan-owned for its first three years of existence and had roughly 20,000 members.
If you were to follow the PSG players’ social media accounts, then you will rarely find any of them shown training or preparing for the next match or competition. The explicit sporting goal for Les Rouge et Bleu for the last nine years has been to become the biggest club not just in France but in Europe by winning the Champions League. QSI is a branch of a much larger tree called the Qatar Investment Authority , which is a sovereign wealth fund owned by the state of Qatar.
Qatar was unsuccessful in its bid to host the championships, which went to London. But Qatar did go on to secure the rights to hold the 2019 world championships to be held in October. President Nasser Al-Khelaifi has been the public figurehead of the Parisian outfit for the duration of this time, overseeing the running of the club as a whole and seeking to modernise it to such an extent that it becomes a major player in European football.