As the boardroom talks continue, PSG owners ‘close in on Leeds United takeover

boardroom talks

Paris Saint-Germain’s owners are reportedly closing in on Leeds United’s takeover. Qatari Sports Investment (QSI) is interested in investing in the side of the competition that is currently vying for a first return to the Premier League since its relegation in 2004.

Discussions have been going on between the prospective investors and Leeds since before the summer and, while nothing is finalized, recent talks have been positive, reports ESPN FC. Leeds owner Andrea Radrizzani is also interested in two other parties, but his close relationship with PSG chief Nasser al-Khelaifi means that QSI is in the pole position to reach an agreement.

An agreement is not believed to be imminent, with confusion over Brexit, the difficult situation in Al-Khelaifi-owned beIN Sport and the political climate in Qatar all considered contributing factors to the delay.

Radrizzani is also keen to get the right deal for himself and Leeds paid nearly £ 40million on Elland Road in May 2017 for full control. QSI has reportedly been interested in joining an English club for some time, considering it would be a better opportunity to take over Queens Park Rangers before deciding on Leeds.

The Premier League’s global appeal-where Leeds looks back-and the enormous TV revenue that comes with it make the Yorkshire club an enticing proposition. Leeds and Qatar have already worked together in several ways, including a collaboration with Doha’s state-of-the-art football academy Aspire, where White youth teams travel for training and tournaments

Leeds are currently sitting fifth under coach Marcelo Bielsa in the Championship, only out of the top two on goal difference and only two points of West Brom table-topping. Last term they missed out on promotion to the top flight as they fell into the playoffs where they were beaten over two legs in the semi-finals by Derby.