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EuroLeague 05/02/2014, 18.23

Paris-Levallois to have a 5-year Euroleague regular season license if they merge with PSG?

According to Canal + Euroleague has guaranteed a 5-year regular season spot to Paris-Levallois

EuroLeague

Canal + announcer George Eddy said during the Pro A game between Paris-Levallois and SIG Strasbourg that Euroleague CEO, Jordi Bertomeu, has promised a 5-year, regular season license to Paris-Levallois if they will merge with football PSG.
Paris-Levallois president Jean Pierre Aubry told him about the offer made by Jordi Bertomeu to the French team.

According to Wikipedia, In 2011, Qatar Investment Authority became the majority shareholder of PSG after buying a controlling 70% of the shares. Colony Capital (29%) and Butler Capital Partners (1%) remained minority shareholders.QIA bought the club in a deal worth €50m, which covered an estimated €15-20m in debt and losses of €19m from the 2010–11 season. Consequently, PSG became the richest club in France and one of the richest clubs in the world. QIA later purchased the remaining 30% stake held by Colony Capital and Butler Capital Partners and became the sole shareholder of PSG in 2012. The transaction valued the entire club at €100m.[58] PSG then splashed €147m on signings and were the biggest spenders in the world for the 2012–13 season. Since QIA's arrival, PSG has spent a world record €364m for the 2011–2014 period.

E. Carchia

E. Carchia

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