Property investment company Colony Capital has become the top shareholder in soccer club Paris Saint-Germain, the former French champions who have fallen on hard times but still have attractive real estate assets.
On Friday, Colony Capital said it would acquire a roughly 30 percent stake in Paris Saint-Germain (PSG) from private equity firm Butler Capital.
Following the deal, Colony Capital will hold around 62.5 percent of PSG's capital. Butler Capital will hold around 5 percent of the soccer club. The companies did not disclose financial terms of the transaction.
