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PSG owner invests further €365 million into French club

13:00 GMT+3 01/10/2018
Neymar PSG Reims Ligue 1 26092018
The Ligue 1 champions received a further cash boost from Qatar Sports Investments as they pursue Champions League success

Qatar Sports Investments (QSI), the owners of Ligue1 champions Paris Saint-Germain, has reportedly agreed to a capital increase of $365 million (£280m) for the club, according to French digital media company Wansquare.

QSI completed its acquisition of the Ligue 1 champions in 2011 for €50m, making the club the richest in France and one of the wealthiest in the world.

In 2017, PSG’s operating result was a deficit of $21.3m (£16.3m), while they recorded a profit loss of $7.8m (£6m) despite posting a profit of $9.5m (£7.3m) in 2016.

Last year, PSG smashed the global transfer record when they splashed out €222m ($262m/£200m) on Brazilian star Neymar before paying a reported €180m ($217m/£166m) for French teenager Kylian Mbappe.