Leeds United fans have been teased with potential investment from Qatar in recent months. It was reported by the Financial Times back in May that the Qatari governments sporting wing, known as QSI, were looking to invest in Leeds.
Andrea Radrizzani later spoke about the possibility of a deal with QSI, the company that turned PSG into European giants.
It is clear the Italian has a good relationship with the investors in question and it would undoubtedly leave Leeds with a fantastic financial boost.
Now, a spokesman for QSI is reported as telling L’Equipe that Leeds are indeed an attractive proposition.
“It’s an opportunity, it’s interesting and it’s a big name in English football that we can help develop and bring back (in the Premier League); a very beautiful brand with which we can recreate a story…
“There is real exchange but it is a file that is moving slowly. But it can go faster tomorrow. The value of Leeds between €60 (£52) and €80 million (£69m)? It’s not false. PSG was bought around €70 million (in 2011). Today, its valuation reaches 1.3 or 1.4 billion euros and should easily reach two billion.”
However, the report also claims that QSI value the Championship club at around €60 to €80 million. The Times reports that Leeds United owner Andrea Radrizzani believes the club is worth ‘significantly more’ especially if they achieve their goal of Premier League promotion this season.
The spokesman also addressed the issues regarding rules on ownership of two clubs and stated ‘good people will ask the right questions’, before suggesting it would not represent a problem.
As reported by the YEP last year Radrizzani reportedly paid £45 million to buy Leeds from Massimo Cellino over two payments in December 2016 and May 2017.
But considering his investment in the club, including the purchase of Elland Road and the appointment of Marcelo Bielsa, as well as player recruitment, he will have invested a far superior sum.
So he is right to want a fair amount for a club that has clearly become a beloved project for him.
But Leeds fans can certainly get excited by QSI’s impact on PSG. As written in Daniel Fieldsend’s The European Game: The Secrets of European Football Success, QSI Spent around €70 million on PSG in 2011. The QSI spokesman told L’Equipe today of his belief that PSG will ‘easily’ be worth €2 billion in the future. Leeds United fans must surely be excited at that prospect.