Thursday, March 30, 2023

PSG residence stadium Parc des Princes not on the market: Paris mayor Hidalgo

French champion Paris St Germain mentioned it’ll discover “alternative options” for its residence stadium after Paris mayor Anne Hidalgo mentioned the Parc des Princes was not on the market.

The stadium, owned by the Paris metropolis council, has been PSG’s residence since they entered France’s prime division in 1974.

French media reported that Ligue 1 aspect PSG put ahead a suggestion to purchase the Parc des Princes in November final 12 months. In an interview with Marca on the time, PSG president Nasser Al-Khelaifi mentioned the membership didn’t really feel welcome on the stadium.

“… the Parc des Princes is not for sale. And it will not be sold. This is a firm and definitive position,” Hidalgo advised Le Parisien in an interview printed on Saturday, when requested for her place on a possible sale of the stadium.

“It is an exceptional heritage for Parisians. But of course we need to accompany PSG with their desire and need to renovate, increase the capacity and modernise the Parc des Princes…”

In 2013, PSG reached an settlement with the Paris Metropolis Council to increase its lease till 2043, following which it accomplished a 75 million euro ($81.21 million) improve of the stadium over the course of three years.

“It is surprising and disappointing to hear that the Mayor of Paris is taking a position which, effectively, will force PSG … from the Parc des Princes while also … adding tens of millions of euros to the taxpayer burden to maintain the structure of the building…,” a PSG spokesperson advised Reuters.

“PSG has already invested more than 85 million euros to maintain the stadium, while committing an additional 500 million euros in renovations for our fans and to allow PSG to grow and compete with other clubs at the highest level in Europe.”

The spokesperson added that PSG’s proposed funding would solely be made if it owned the stadium.

“It is regrettable the Mayor is now suddenly foreclosing — definitively — the sale discussions we’ve been having for a long time, with the club now sadly forced to advance alternative options for our home, which is not the outcome the club or our fans were hoping for,” the spokesperson mentioned.

PSG have been essentially the most profitable membership in France since Qatar Sports activities Investments took over in 2011, profitable the league eight occasions. It has additionally had success in France’s home cup competitions, however has did not win the Champions League.

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