Cagliari close to Qatar takeover?

Date: 28th January 2014 at 7:09pm
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Cagliari are reportedly close to being taken over by a Qatar investment group.

The Sardinian side have been in some trouble with issues over stadium ownership, upkeep and other financial constraints while owner Massimo Cellino is also said to be close to completing a takeover for English side Leeds United.

L’Unione Sarda report that talks are ongoing between Cellino and Qatar Sport Investments over a deal.

The outlet reports that negotiations are ongoing for a buyout of a majority of Cellino’s share of Cagliari for a price of between €70 million and €80m.

Talks are expected to continue over the next 48 hours.

Cellino has been the owner of Cagliari since June 1992, a total of 22 years.


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