The announcement that a consortium led by a Qatari banker are bidding to buy Manchester United has raised questions about the potential impact for Paris Saint-Germain, who were taken over by Qatar Sports Investments (QSI) more than a decade ago.
QSI, a subsidiary of the Qatar Investment Authority, the Gulf state's sovereign wealth fund, gained control of the French club in 2011 for just 70 million euros ($74.7m at the current exchange rate).
PSG have since become a vehicle through which Qatar can project soft power -- under QSI's ownership, they are now not just France's dominant club but a leading name on the European stage and a global brand.
More than 1.5 billion euros has been splashed on transfers over the last dozen years, including the two biggest fees in the history of the game for Neymar and Kylian Mbappe in 2017, although all that money has not yet delivered Champions League glory in which Qatar could bask.