logo
How PSG's ‘kingmaker' seized chance to reshape football's future

How PSG's ‘kingmaker' seized chance to reshape football's future

Yahoo2 days ago

If you are one of the UK's many new padel enthusiasts, it's ultimately because of one man, who you might not expect. He is going to be prominent at Saturday's Champions League final, and has already appeared in a social media-friendly CBS interview with Micah Richards after the semi-final.
That is Paris Saint-Germain president Nasser Al-Khelaifi. A former tennis professional, he saw the potential in padel, and put Qatar's immense financial weight behind the new sport. Qatar Sports Investments, who also own PSG, control Premier Padel and the World Padel Tour.
Advertisement
The world's fastest-growing sport feels like a curious place to start a discussion about the world's most popular sport, and its biggest club game, but there is a point.
Those who know Al-Khelaifi say he 'sees around corners, picks opportunities'. That has definitely been the case with padel, but it has arguably been most visible with European football, and what happened after the Super League and sparked a secret 'war' for European football's future.
Numerous sources insist PSG were involved right up until 'the last minute'. They counter that they were never members, and Al-Khelaifi had a principled opposition. A huge opportunity was nevertheless seized.
While Qatar have managed to get in on the ground floor with padel, they have gradually made it to the top of the European club game.
Advertisement
The resignations from the European Club Association (ECA) that followed the Super League allowed Al-Khelaifi to rise to the chair of that organisation, even if those close to him insist he rejected requests to fill that role for three days after that April 2021 crisis. Al-Khelaifi has still run with it since. The ECA, which grew from the big clubs' 'G14' and now represents all those in European competition, has drastically expanded in scale and influence. It is much more than a lobby group.
The ECA has established a joint venture with Uefa, called UC3, where they both have 50-50 of the Champions League. This control is what the big clubs always wanted, right through the talks that led to the Super League.
Ousmane Dembele has led Paris Saint-Germain's attack this season (Getty)
Marquinhos has been a mainstay of PSG over the years (AP)
And who is at the top? An official whose ultimate responsibility is to the Emir of Qatar. Rival executives have questioned whether this is appropriate for the European game. LaLiga's Javier Tebas is one of many to criticise Al-Khelaifi's 'conflict of interests', given he also runs a major broadcaster in the form of BeIn Sport.
Advertisement
It is why this weekend may not just crown PSG's final rise as a club, to get what Qatar always wanted, in the Champions League itself. The trophy arriving in a first full season of the new format may also symbolically complete Al-Khelaifi's own rise, as well as the evolution of the competition into something more.
The point has already been stressed about how this might just be the Super League by another name, with Uefa's approval, driven by greater powers. The opening stage is now literally a 'super league', given that it features 36 teams and runs parallel to domestic competitions. The absurd entry of six English clubs next season is almost too brazen, given the original plans.
Both Uefa and the ECA have nevertheless been keen to celebrate the new format's success. There is delight at how CBS had a record audience for a non-final game with Inter Milan v Barcelona. That isn't really down to any change, though. It's merely the old-fashioned jeopardy of true knock-out football, that can't be engineered.
Either way, the next stage is to really capitalise on this American popularity. Uefa and the ECA have gone into partnership with US agency Relevent, whose speciality is big games in the States. That isn't necessarily about finals in New York, however, but maximising 'fan engagement' with new ideas and increasing revenues by 10-20 per cent. Supporter groups like the FSA would see that as 'entertainment elements' like pre-game shows that they would actively oppose. Who actually wants it?
Paris Saint Germain's Qatari president Nasser al-Khelaifi is head of the ECA, which has become the 'Kingmaker' (AFP via Getty Images)
His power is growing and could be boosted by Champions League success for PSG this weekend (AFP via Getty Images)
Al-Khelaifi is otherwise described, approvingly, as someone who 'drives change'. He is very hard working, with a ferocious temper, but has a charm. That has worked well, given a lot of rival executives say he isn't especially liked. The European football structure has certainly changed.
Advertisement
Under the Qatari, the ECA has almost become a third major institution alongside Fifa and Uefa. Al-Khelaifi is very close to Uefa president Aleksander Ceferin, and has a good relationship with Fifa counterpart Gianni Infantino. Insiders even describe this ECA as 'a kingmaker'. If there's a dispute, the side they take usually wins. The body was crucial to the Club World Cup getting off the ground.
'They are pulling levers without people even realising,' one senior source says.
Such politics are intriguing in light of the recent row about Infantino's late arrival at the Fifa Congress in Paraguay, and how quickly Uefa anger was quelled with a conciliatory statement.
Some insiders insist this is all consistent with what reformers have called for. European courts are now taking a dim view on Fifa and Uefa serving as both regulators and competition organisers with commercial interests.
Advertisement
This ECA-led system dilutes that – but should it be at the behest of bigger clubs, and bigger powers? The ECA would point to their expanded membership, how everything is democratically run, and that Al-Khelaifi's leadership pushed the Europa Conference League. The Qatari himself is said to want the ECA to be more recognised as a brand, in terms of the good work it does in terms of legal and financial services to clubs, as well as the women's game.
Critics would say the Union of European Clubs had to be established to give scores of affected clubs a voice, that numerous domestic leagues are fearing for their financial futures, and that they can't trust the ECA to consider the whole ecosystem.
Uefa President Aleksander Ceferin and PSG president Nasser Al-Khelaifi (EPA)
QSI's takeover of PSG led to the club taking a financial stranglehold of Ligue 1 in the years that followed (AFP/Getty)
That ecosystem is increasingly shaped by the positioning for the next land grab, which is in that burgeoning US soccer market, and what happens next with streaming.
Advertisement
That's where some attuned figures also see a new era. Much has been made of the Premier League no longer having a real rival, but there is a fear that is exactly what the ECA want the Champions League to be – and eventually to play on weekends.
Those on the European side literally laugh about such complaints, given the Premier League's own status as a super league. At the same time, major continental club executives actively want to make English clubs weaker while building something of their own.
That might be logical, and necessary, but it also illustrates one of modern football's endless arms races. Premier League clubs talk of consequently having to go bolder and more global.
So much of this still comes back to these persistent modern themes, how football is looked at as a commodity to be used, rather than a cultural good. It's why the nature of leadership is so crucial.
Advertisement
The Champions League has certainly led the way in the 'financialisation' of football, where virtually everything is looked at in monetary terms. You only had to watch the Europa League final or the Premier League's last day.
Paris Saint-Germain fans celebrate victory with flares after the final whistle in the Champions League semi-final against Arsenal (PA)
PSG fans celebrate in the streets of Paris (The Associated Press)
At the centre of that is the ECA, headed by PSG's Qatari president, whose state primarily see political value in the game.
'People do think that is outrageous,' one source says. 'If you're Qatar, you'd say he's a genius. He's a major governance figure, Qatar Airways a main sponsor.'
Qatar's club may now win the Champions League. It didn't even take a game of padel for networking.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Advent in talks to buy Kereis from Bridgepoint
Advent in talks to buy Kereis from Bridgepoint

Yahoo

time12 minutes ago

  • Yahoo

Advent in talks to buy Kereis from Bridgepoint

Private equity firm Advent has initiated exclusive negotiations for the acquisition of Kereis, a multi-channel insurance brokerage in Europe, from private asset investor Bridgepoint. Terms of the potential deal remain undisclosed at this stage. The proposed acquisition is contingent on regulatory clearance and consultations with employees. Set up in 1991 with its headquarters in Paris, Kereis specialises in providing insurance broking services to insurers and banking partners. Kereis holds expertise in housing protection in France, overseeing more than 17 million contracts and supported by a workforce of more than 1,700 across seven European nations. Kereis CEO Philippe Gravier stated: 'This project opens a promising new chapter for Kereis, after 5 years of a successful partnership with Bridgepoint. 'We look forward to working closely with Advent as we continue to invest for the long term in our digital capabilities, expand into new markets, and deliver innovative solutions to our partners and clients across Western Europe.' Following the Bridgepoint partnering in 2020, Kereis has achieved a two-fold increase in revenue and has diversified into areas of corporate risk, health, and property and casualty (P&C) insurance. The company's growth and international reach have been significantly bolstered through mergers and acquisitions over the last three years. Advent director Hadrien de Bardies said: 'Our potential investment in Kereis builds on Advent's long-standing track record in financial services. We will leverage our global network and operational resources to help Kereis scale further, broaden its product offering, and strengthen its leadership position in the European market.' Advent's portfolio in the insurance sector includes investments in CCC Intelligent Solutions and Shift Technology. It also has history in France, stretching over 25 years and encompassing 15 platform deals with recent investments include Parfums de Marly – INITIO in 2023 and Mangopay in 2022. "Advent in talks to buy Kereis from Bridgepoint " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Ukraine's memorandum proposes ceasefire across land, air, and sea, NYT reports
Ukraine's memorandum proposes ceasefire across land, air, and sea, NYT reports

Yahoo

time14 minutes ago

  • Yahoo

Ukraine's memorandum proposes ceasefire across land, air, and sea, NYT reports

Ukraine's proposed memorandum to Russia includes provisions for a ceasefire on land, in the air, and at sea, to be monitored by international partners, the New York Times (NYT) reported on May 30, citing an unnamed senior Ukrainian official. Ukraine has submitted its document to the Russian side ahead of a second round of peace talks between Kyiv and Moscow that may take place in Istanbul on June 2, Defense Minister Rustem Umerov said on May 28. The points reported by NYT echo Ukraine's and its partners' long-standing call for a comprehensive, unconditional ceasefire on land, in the air, and at sea for at least 30 days — a proposal Russia has consistently ignored. The peace talks in Istanbul also concluded on May 16 with no agreement between the two sides on a ceasefire. Ukrainian Deputy Foreign Minister Serhii Kyslytsia, who was present at the Istanbul talks, said that Russia's negotiating team in Istanbul has repeatedly stated that "an unconditional ceasefire is categorically unacceptable." Moscow has proposed June 2 as the date for the next round of talks with Ukraine, despite escalating its attacks on the country. Russian Foreign Minister Sergey Lavrov said on May 29 that the Russian delegation, led by presidential aide Vladimir Medinsky, is prepared to present the ceasefire memorandum to the Ukrainian side and provide necessary clarifications during the next Istanbul meeting. Presidential Office Chief of Staff Andriy Yermak said that Ukraine is ready to hold the new round of talks next week but insists on receiving the memorandum in advance. Reuters reported that Putin's conditions for ending Russia's war against Ukraine include a written pledge by NATO not to accept more Eastern European members, lifting of some sanctions, and Ukraine's neutral status, among other demands. Read also: Infighting around EU rearmament undermines grand ambitions for European defense We've been working hard to bring you independent, locally-sourced news from Ukraine. Consider supporting the Kyiv Independent.

France's Macron calls for Asian coalitions as he warns of US-China divisions
France's Macron calls for Asian coalitions as he warns of US-China divisions

Yahoo

time14 minutes ago

  • Yahoo

France's Macron calls for Asian coalitions as he warns of US-China divisions

By Fanny Potkin, Xinghui Kok and Idrees Ali SINGAPORE (Reuters) -French President Emmanuel Macron said on Friday that division between the two superpowers, the United States and China, is the main risk currently confronting the world as he emphasised the need for building new coalitions between Paris and partners in the Indo-Pacific. Macron is visiting the region as France and the European Union aim to strengthen their commercial ties in Asia to offset uncertainty over U.S. President Donald Trump's sweeping global tariff measures. "I will be clear, France is a friend and an ally of the United States, and is a friend, and we do cooperate - even if sometimes we disagree and compete - with China," said Macron, who was speaking at the Shangri-La Dialogue, Asia's premier defence forum, alongside a two-day state visit to Singapore. "You have to choose a side. If we do so, we will kill the global order, and we will destroy methodically, all the institutions we created after the Second World War in order to preserve peace and to have cooperation on health, on climate, on human rights and so on," Macron added. The French president said Asia and Europe have a common interest in preventing the disintegration of the global order. "The time for non-alignment has undoubtedly passed, but the time for coalitions of action has come, and requires that countries capable of acting together give themselves every means to do so," Macron said. Macron is following leaders of China, Japan and other European countries in visiting the region in recent weeks, in a sign of Southeast Asia's strategic importance amid uncertainties on global supply chains and trade. The French leader also warned that if the United States and Europe were not able to bring an end to Russia's war in Ukraine, it would impact their credibility in the Indo-Pacific region as well. "If the United States of America and the Europeans are unable to fix in the short term the Ukraine crisis, I think the credibility of the U.S. and Europe to fix any other crisis in this region will be very low," he said. Putin ordered tens of thousands of troops into Ukraine in February 2022 after eight years of fighting in eastern Ukraine between Russian-backed separatists and Ukrainian troops. Russia currently controls just under one fifth of the country. Though Russian advances have accelerated over the past year, the war is costing both Russia and Ukraine dearly in terms of casualties and military spending. Macron also warned of risks to Asia if a precedent was created by allowing Russia to take control of part of Ukraine territory unopposed. "If we consider that Russia could be allowed to take a part of the territory of Ukraine without any restriction, without any constraint, without any reaction of the global could happen in Taiwan?" China views democratically-governed Taiwan as its own territory and has stepped up military and political pressure to assert those claims, including increasing the intensity of war games, saying the island is one of its provinces with no right to be called a state.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store