Qatar unlikely to invest in European club

17 Jan, 2011

The Qatari royal family is not looking to invest in a European football club despite rumours linking them with Manchester United and Paris Saint-Germain, a source close to the Qatar Investment Authority (QIA) told AFP on Sunday.
A report in British tabloid The News of the World claimed on Sunday that the QIA - which invests money on behalf of Qatar's royal family - was preparing a 1.3 billion pounds (1.54 billion euros, 2 billion dollars) bid for 18-time English champions United.
Reports in the French media in recent months have also linked QIA with PSG, claiming the organisation could be poised to take either a controlling interest or a 30 percent stake in the under-achieving club based in Paris's chic 16th arrondissement.

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