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Rossoneri Round-Up for Oct 16: A Member of Qatar's Sovereign Wealth Fund Is Reportedly Looking To Purchase Either Milan or Roma

Summary of Milan’s new for the day and links.

Juventus vs AC Milan - Italian Super Cup Final Photo by Mohammed Dabbous/Anadolu Agency/Getty Images

Reports have emerged from Planeta Milan via Sempre Milan that a member of the Qatar Investment Authority (QIA) has revealed the desire to purchase a Serie A club. The reports cite journalist Maurizio Pistocchi who claims the Qatari owner of Al Rayyan SC is looking to purchase an Italian club that wear 'red.’ This may sound vague however it corroborates reports that emerged in April from Calcio e Finanza that discussed the possibility of the Qatar Investment Authority purchasing either AC Milan or AS Roma. Both Roma and Milan have had issues with UEFA's Financial Fair Play in recent years and are both owned by Americans. The clubs have both struggled to win any competitions in the past decade and have fallen from grace.

The QIA is Qatar's sovereign wealth fund and focus on long-term strategic investments. QIA has been a major investor in football through its subsidiaries such as Qatar Sports Investments who own Paris Saint-Germain and networks such as beIN Sports. Interestingly, QIA would be taking over Milan when their contract with long-term sponsor Fly Emirates would be ending at the end of the season. According to Arabian Business the political tension between the UAE and Qatar led to the replacement of Fly Emirates by Accor as the shirt sponsor for PSG. The acquisition of Milan could be a big investment for Qatar and a significant step to pull one over their direct competitors in the UAE who own Manchester City.

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