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Mar 20, 2013

Malaga quash PSG takeover rumours

Malaga have strongly denied speculation that the mega-rich owners of Paris Saint-Germain are set to bail out the financially-stricken La Liga outfit.

Spanish media have persistently reported in recent weeks that Qatar Sports Investments (QSI), owned by Tamim bin Hamad Al-Thani, the Crown Prince of Qatar, are planning a takeover of Malaga, owned by the prince's cousin, Abdullah ben Nasser Al-Thani.

The claims were reiterated by Spanish businessman and former vice-president of the Spanish Athletics Federation Alfredo Guerisoli on an Andalusian radio station on Monday. However, the club itself, who - like PSG - are through to the Champions League quarter-finals this season, have scotched the rumours.

"I categorically deny that there has been an offer to buy the club," Vicente Casado, Malaga's director general, told the press, adding that he had "a commitment from the owner" and was "optimistic" about the future of the club.

In December, Malaga were banned by UEFA from European competition for any season in the next four years in which they qualify. They also face that suspension being extended to two years should they fail to meet a deadline of March 31 to fulfil payments of salaries and taxes, and wipe out a debt estimated at €30 million.

UEFA guidelines allow club owners to have shares in more than one club, though only one of those clubs would be eligible to play in European competition.

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