The city's deputy mayor has revealed that because of changes to the club's financial state since its recent takeover, the city has withdrawn the grant that started in 1998
By Hocine Harzoune
Jean Vuillermoz has stated that Paris Saint-Germain will no longer receive monetary backing from the capital's local authority.
Les Parisiens are currently paid €1 million every season by the governing organisation, but after their recent takeover the city has decided to withdraw the funding, whilst maintaining a good relationship with the club.
"The judgment of this grant does not mean that we should not maintain close ties with PSG. We will organise and we will keep these ties," Vuillermoz told Goal.com.
"The decision was taken after the consideration of several factors. First of all, we have to look at what the communities want and then we have to consider the very high budget that PSG has this season."
The deputy mayor of sports also revealed he was a fan of the club and was looking forward to witnessing the team's development in the future.
"Am I a supporter? Yes of course! PSG are on course to be champions and they will be great internationally in the future."