Paris Saint-Germain have announced that Colony Capital have agreed terms with Morgan Stanley for Colony Capital to buy out Morgan Stanley's part of the capital of Paris Saint-Germain.

This transaction will see the club benefit from simplified ownership and comes three years after Morgan Stanley first entered into the Club's capital.

Sébastien Bazin: " would like to thank Morgan Stanley for their constant support over the last three years and their invaluable contribution on the Club's Administrative Council. This latest agreement once again highlights Colony Capital's commitment to Paris Saint-Germain and its ambition for the Club's future."