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Qatari shareholding organization From Wikipedia, the free encyclopedia
Qatar Sports Investments (QSi)[1] is a Qatari-government operated 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.[2] QSi is led by Chairman Nasser Al-Khelaifi and Vice Chairman Adel Mohammed Tayyeb Mustafawi, and its board of directors has three additional members.[3] According to Una Galani, QSi "is thought to be owned by the Ministry of Finance of Qatar and the Qatar Olympic Committee."[4] QSi is subsidiary of Qatar Investment Authority (QIA), the state-run sovereign-wealth fund in Qatar.[5][6]
This article may rely excessively on sources too closely associated with the subject, potentially preventing the article from being verifiable and neutral. (March 2021) |
Industry | Investment |
---|---|
Founded | 2005 |
Headquarters | , |
Key people | Nasser Al-Khelaifi (chairman) Mohammed Al Emadi (CEO) |
Parent | Qatar Investment Authority |
Website | www |
Nasser Al-Khelaifi has served as chairman of QSi since 2011, and is well known for his business ventures and various leadership roles in Qatar. He is currently chairman and chief executive officer of beIN Media Group in Qatar and president of Paris Saint-Germain Football Club (PSG) in France. As a former professional tennis player, he serves as president of the Qatar Tennis Federation (QTF) and vice president of the Asian Tennis Federation for West Asia (ATF).[7]
Adel Mohammed Tayyeb Mustafawi serves as Vice Chairman of QSi and holds various other leadership positions within the Qatari banking industry.[8] The additional three other board members include Yousif Mohammed Al-Obaidli, Mohammad Abdulaziz Al-Subaie, Tanvirul Ahsan, and Sophie Jordan, who are also member of beIN Media Group's board of directors.[9]
QSi has become increasingly involved in international sports and in the entertainment sector, especially as a key player in the French sports market with the completed acquisition of Paris Saint-Germain and its affiliates in 2011.[10][11] QSi’s portfolio also includes Burrda, a Qatari sports brand and sports and leisure apparel supplier specialized in development and customization of actions established in 2007, and NextStep Marketing, a company specialized in client representations, direct merchandising, and event management among other things.[12] On 10 October 2022, QSi bought 21.67% of the shares of S.C. Braga for €80 million.[13] On 10 January 2023, QSi had enquired about the pre-purchase of West Ham United for April 2023.[14] On June 22, 2023, it was reported the sovereign wealth fund had invested $4.05 billion in Monumental Sports & Entertainment, the parent company of the Washington Wizards, Washington Capitals, and Washington Mystics, securing a 5% stake in the company.[15]
In June 2011, Tamim bin Hamad Al Thani, the Emir of Qatar, bought 70% of the club's shares through state-run shareholding organization Qatar Sports Investments (QSI), a subsidiary of Qatar Investment Authority (QIA), the country's sovereign wealth fund. QSI acquired a majority stake in June 2011 and then became the club's sole owner in March 2012.[16]
Qatar Sports Investments, a state-backed fund, will pay about €19mn for a 22 per cent stake in SC Braga, who sit third in Portugal’s top division. In October 2022, the Qatari investment fund that owns Paris Saint-Germain has bought a stake in a top-tier Portuguese football team, marking its first foray into multi-club ownership.[17]
In 2023, Qatar Sports Investments acquired the World Padel Tour to create a new global circuit for padel, starting in 2024.[18]
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