Nasser Al- Khelaifi (Qatar)
Nasser Al- Khelaifi
A Business Tycoon from Qatar
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Biography
Nasser
Al Khelaifi is a Qatari business tycoon who holds
executive positions in various national and international organizations. He is
the chairman of Qatar Sports Investments and the beIN Media Group, the
President of the football club Paris Saint- Germain and Qatar Tennis
Federation, and the Vice-President of the Asian Tennis Federation.
Born
in 1973 in Qatar to a pearl fisher, he completed his bachelor’s degree in
Economics from Qatar University and his master’s degree from the University of
Piraeus in Maritime Studies. Apart from being successful in business, Nasser is
also a professional tennis player and is quite prominent as an executive in the
media industry. Moreover, he is considered an influential football
personality in both Qatar and France. He is the first leader from Asia to hold
a position at the UEFA Executive Committee. The European Club
Association elected him in 2019 for this post.
Not
surprisingly, Nasser Al-Khelaifi boasts of numerous awards and accolades, conferred
upon him by a football-crazy French society. After all, he managed to sign Lionel
Messi and Neymar for Paris Saint-Germain which plays for Ligue-1,
the most elite division of French football. He was voted as the most favorite
president in the Ligue-1 in a poll conducted in 2015 by France Football.
Business
ideas and information
Qatar
Sports Investments (QSi)
Qatar
Sports Investments (QSi) is a “private shareholding organization” founded in
2004 and based in Qatar. The organization focuses on investing in the sports
and leisure industry both nationally and internationally. It aims to get global
recognition as the leading investment company in the sports, leisure, and
entertainment industry. The organization’s portfolio is quite impressive and
includes the Paris Saint-Germain, Burrda Sport, and NextStep
Marketing. QSi also sponsors FC Barcelona, the high-profile Spanish club.
The organization is a subsidiary of the Qatar Investment Authority (QIA)
which has multiple billion-dollar investments in various countries such as
Germany, Qatar, and France. QIA does not make its holdings public.
Paris
Saint-Germain
The
Paris Saint-Germain or PSG is France’s most successful football club playing
for Ligue-1, the top-most division of France’s football. The club is based in
Paris and has won approximately forty official honors such as a major European
trophy. The Parc des Princes is their home ground.
In
2011, PSG was purchased by the Emir of Qatar 2011 through his investment
company QIA. As a result, it is now the wealthiest French football club, one of
the richest in the world, and the ninth most valuable football club globally.
The club has a net worth of almost three billion dollars and annual revenue of
approximately six hundred million euros. They rank seventh in the football
clubs with the highest revenues. They have lately become a regular in the UEFA
Champions League.
beIN
Media Group
beIN
Media Group is an international sport and entertainment company based in Qatar.
It was operated by Al Jazeera Media Network as Al Jazeera Sports but was
rebranded as beIN Sports in 2012. The following year, the beIN Media Group was
established. Currently, the network operates 60 channels across 5 continents
and in 7 different languages. Initially focused on sports, the media group
diversified into including entertainment in 2015. The media group is a
strategic partner of various international networking companies i.e., BBC
Studios, Discovery, CBS, and Warner Bros. Moreover, in
2016, the group announced that they had the complete acquisition of Miramax.
However, in 2019, they sold 49% of Miramax’s shares. In the same year, they
received exclusive rights for the FIFA Club World Cup broadcasting.
Reasons for success
It
is a well-known fact that Nasser Al-Khelaifi is closely associated with and is
considered a friend of the Qatari royal family. Sheikh Tamim, the emir of
Qatar, had made Al-Khelaifi a minister in the Qatar government in 2013.
Moreover, the emir had made him President and CEO of PSG upon its acquisition
by QIA. Despite his terms with the royal family, Al-Khelaifi has credit
regarding the success of his numerous ventures. After all, before PSG’s
acquisition, it was struggling to keep afloat, Nasser succeeded in turning the
club’s fortunes by presenting a 5-year plan and signing famous names such as
Leonardo and Ibrahimovic. The following year, the club attained the first
Ligue-1 title and qualified to the quarter-finals of the UEFA Champions League.
His
personality and strategic mindset have earned him the appreciation and respect
of football fans. He was voted to be “the most favorite” Ligue-1 president in
2015 with 35% of votes cast in his favor.
His
influence outside the world of sports and entertainment is quite noteworthy as
well. During the coronavirus pandemic, he was commended by the World Health
Organization’s Director-General for his offer to help battle the crises through
PSG and its players.
Suggestions
for improvement
Al-Khelaifi
has found himself in hot waters regarding legal troubles. He had been
investigated for corruption by the Swiss courts in 2017 for television rights
allocation of the 2026 and 2030 World Cups. Additionally, he was investigated
for bribery in 2019. This charge was later replaced by that of “criminal
mismanagement” for which he was acquitted and all charges dropped.
It
can also be suggested to Mr. Al-Khelaifi to maybe diversify into sports apart
from football. For example, cricket is a sport that is enjoyed by a large
segment of the global population with cricket-crazy nations such as India,
Pakistan, Bangladesh, West Indies, and England. This venture into the
cricketing world can prove immensely profitable to beIN Media Group and Burrda
Sport. The NBA or the National Basketball Association is another market in
North America. It is one of the four professional leagues thoroughly enjoyed in
America and Canada and can be a potentially profitable and rewarding market.
The
COVID-19 pandemic has also caused colossal damages to the earnings and revenues
of the sports and entertainment industry. With vaccinations becoming readily
available and as the world is gearing up to return to the “new normal,” we
cannot wait to see how Nasser Al-Khelaifi will bounce back.
References
"Who is Nasser Al-Khelaifi, the
president of PSG who has ...." 10 Aug. 2021, https://www.ruetir.com/2021/08/10/who-is-nasser-al-khelaifi-the-president-of-psg-who-has-reached-an-agreement-with-messi/.
"What Is Nasser Al-Khelaifi's
Net Worth? Details on His ...." 12 Aug. 2021, https://marketrealist.com/p/nasser-al-khelaifi-net-worth/.
"From tennis player to Qatari
billionaire: who is Nasser al ...." 10 Aug. 2021, https://www.archysport.com/2021/08/from-tennis-player-to-qatari-billionaire-who-is-nasser-al-khelaifi-the-psg-president-who-managed-to-sign-lionel-messi/.
"Who is Nasser al Khelaïfi, the
owner of Paris Saint ...." 11 Aug. 2021, https://www.archysport.com/2021/08/who-is-nasser-al-khelaifi-the-owner-of-paris-saint-germain/.
"Nasser Al-Khelaifi Net Worth
2021: Money, Salary, Bio ...." https://www.celebsmoney.com/net-worth/nasser-al-khelaifi/.
"Nasser Al-Khelaifi Net Worth
2021 And Houses | Glusea.com." https://www.glusea.com/nasser-al-khelaifi-net-worth/.
"Who is Nasser Al-Khelaifi's
Wife? Learn About His Married ...." 11 Sept. 2021, https://glamourfame.com/nasser-al-khelaifi-wife.
"Is Paris Saint-Germain
president Nasser Al-Khelaifi now ...." https://www.goal.com/en-sg/news/is-paris-saint-germain-president-nasser-al-khelaifi-now-the-most-/1qvdmgeaev7e31fg262n14rm94.
"Nasser Al-Khelaifi - beIN
MEDIA GROUP." https://www.beinmediagroup.com/the-group/nasser-al-khelaifi/.
"Nasser Al-Khelaifi: The Most
Powerful Man In World ...." 12 Aug. 2021, https://www.foottheball.com/explainer/nasser-al-khelaifi-psg-president-ligue-1-bein-media-group-bein-sports-qatar-2022-world-cup.
"Nasser Al-Khelaifi's Parents:
Learn About His Family Life ...." 07 Sept. 2021, https://glamourfame.com/nasser-al-khelaifi-parents.
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