Qatar is already a lucrative sponsor of British horse racing, and is expanding its investment with a multimillion-dollar deal lasting until 2024.
Charlie Crowhurst/Getty Images for Ascot Racecourse
The oil-rich nation has increased its horse racing sponsorship in recent years. In 2008 Qatar became the sponsor of Europe's richest race -- the Prix de l'Arc de Triomphe, held every October at Paris' Longchamp racecourse.
Alan Crowhurst/ Getty Images
Qatar's most notable sporting involvement to date has been winning the rights to host the FIFA World Cup in 2022.
Sean Gallup/Getty Images
Qatar boasts other football-related involvements such as its sponsorship of Barcelona, with a shirt deal worth tens of millions of dollars.
Alex Caparros/Getty Images
Qatari Nasser Al-Khelaifi (pictured) is the president of French football champion Paris St. Germain. The Qatar Investment Authority purchased the Ligue 1 club in 2011.