It is said that the sky is the limit – one of often used idioms to encourage the people. It is certainly true for the likes of gas-rich Qatar which buy everything given the wealth the small Middle East kingdom has.
After hosting a successful World Cup, Qatar wants to expand its portfolio with Tottenham Spurs as the next target in London. It already owns Paris-based PSG, the French giant which has multiple stars – Lionel Messi, Kylian Mbappe and Neymar – on its payroll. It is just one of the acquisitions which Qatar has part of its broader plan.
No wonder Tottenham is an achievable goal given the considerable debts the club has following the construction of their new stadium, which opened in 2019.
It is reported that the head of Qatar Sports Investments (QSI) – a sporting investment group – has held talks with Tottenham.
The Guardian, quoting sources close to QSI Chairman Nasser al-Khelaifi, who is also the president of PSG (Paris Saint-Germain), confirmed his meeting with met Daniel Levy, the chairman of Tottenham, in London last week.
However, the newspaper added that reports also linking QSI with a potential move for Liverpool or Manchester United have been described as wide of the mark at this stage.
European club football rules forbid teams with the same owner from taking part in the same competition for integrity reasons. However, minority stakes are permitted and a series of them are considered to be on the cards for QSI.
Currently, QSI owns PSG, 22 percent of Braga in the Portuguese league, and a significant investment in padel tennis, a sport Khelaifi plays to a high standard.
It is planning on an ambitious acquisition strategy in 2023, with a Premier League club its first priority as the QSI believes that now is a good time to invest into the biggest domestic league in world football given the weak pound and in the aftermath of the perceived success of the World Cup.
Although Spurs are QSI’s first priority, it is thought that at least two other consortiums are also interested in acquiring a stake in the club, which has debts of hundreds of millions of pounds after the construction of their new stadium.