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Bank deal to spike PSG fortunes

The already hefty cashflow of Ligue 1 powerhouse PSG is set to increase with the club reportedly in sponsorship talks with a Qatar bank.

It has been reported a sponsorship deal worth 100 million euros a season has been offered by an unnamed bank from the Middle East nation, and should it come to fruition, it would dwarf PSG’s deal in place with airline Emirates.

Emirates’ deal with PSG is reportedly worth 3.5 million euros per season.

Club managing director Jean-Claude Blanc said PSG, owned by Qatar Investment Authority, had constructive discussions with French football’s auditor – the Direction National du Control de Gestion (DNCG) – on Tuesday.

“They (the DNCG) permanently monitor the accounts of the clubs, their perspective and their business plans,” Blanc said.

“They always give us advice, both positive and negative. The discussions we have with them are always positive and constructive and it was the same today.

“Paris Saint-Germain are developing our revenue streams. We are lucky enough to be a football club in a major city like Paris. We are the only club in the French capital and we have the ambition to be a major team.

“Being a leading football club in Paris allows us to develop important revenue sources. These investments, in turn, allow us to develop our ambitions on the sporting side of things, by attracting top-level players.”

Wed 19 December, 2012
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