thumbnail Hello,
PSG targeting No. 1 status in revenue stakes – report

PSG targeting No. 1 status in revenue stakes – report

soccerex

Paris Saint-Germain (PSG) is targeting the status of the richest football club in the world by the 2016-17 season, according to Le Parisien.

Paris Saint-Germain (PSG) is targeting the status of the richest football club in the world by the 2016-17 season, according to Le Parisien.

The French daily newspaper has cited a confidential document written for PSG president Nasser Al-Khelaifi in June 2012 which outlines the Ligue 1 champions’ plans to reach a budget of Eur540 million in 2016-17 – over five times the figure of Eur93.9 million in 2010-11 – the year before Qatar Sports Investments (QSI) took over the club. PSG’s budget for the current season is said to lie at Eur430 million, but Le Parisien outlines its payroll is over Eur200 million, adding the club’s controversial partnership with the Qatar Tourism Authority (QTA) is key to its future ambitions.

PSG last month officially unveiled the hugely lucrative sponsorship deal, denying that the agreement infringes upon Financial Fair Play regulations. The partnership was first revealed in December 2012 and while terms have not been officially disclosed, French media outlets report that it will be worth between Eur150 million and Eur200 million per year with the contract back-dated to 2012 and increasing in value on an annual basis through 2016. QTA is seeking to leverage the growing global brand of the Ligue 1 champion to promote Qatar as a travel destination.

The QTA deal is set to be tested against UEFA’s FFP regulations later this month. Philippe Boindrieux, PSG’s deputy director general for finance, will make the case for the partnership at UEFA headquarters on November 29. European football’s governing body is expected to make a ruling on the matter next spring.