Colony Capital takes control of Paris Saint-Germain

Paris, January 11, 2008 – Butler Capital Partners announce an agreement for sale of approximately 30% of Paris Saint-Germain to Colony Capital.

When this transaction is finalized, Colony Capital will own 62.5% of Paris Saint-Germain. As a result, the club will benefit from a simplified ownership structure with Colony Capital owning the majority of voting rights. Butler Capital Partners will still own nearly 5%.

Walter Butler, chairman of Butler Capital Partners declared: "Colony Capital indicated that it felt PSG needed one majority shareholder. Although this was not our original intention, we decided to simplify the situation at the club. I will still be a club shareholder and administrator and will continue to support the club as I have done for many years".

Sébastien Bazin, chairman of Colony Capital Europe declared: "this change in the ownership structure underscores our long term commitment to Paris Saint Germain and our ambitions for the club. We intend to continue rebuilding so PSG is rapidly restored to its rightful rank. I would like to thank Walter Butler for agreeing to stay in this venture with us and continue to provide us with the benefits of his experience as a member of the Board."

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