PSG Achieves Record…

PSG Achieves Record…

The Champions League champions, Paris Saint-Germain, achieved a record revenue of €837 million ($976 million) in the last season.

Released by the club on Tuesday, the report included €175 million in matchday earnings and €367 million from commercial activities, with six new partners joining the organization.

These figures encompass revenue from the men’s and women’s soccer teams, as well as from handball and judo teams. For context, the revenue for the 2023-24 season was €806 million, making it the third highest in European football.

PSG’s men’s team had a remarkable season, securing the domestic double and their first Champions League title with a commanding 5-0 victory over Inter Milan, fulfilling a long-held ambition for the club’s Qatari owners, QSI, who have been in charge since June 2011.

According to Forbes, the club was valued at $4.6 billion in May, positioning it as the seventh most valuable football club globally. Real Madrid topped the list with a valuation of $6.75 billion, followed by Manchester United at $6.6 billion, and LaLiga giants Barcelona valued at $5.65 billion.

Despite these achievements, PSG faces challenges due to low television revenues in Ligue 1 and the limited capacity of the Parc des Princes stadium, which holds only 48,000 fans – significantly lower than many top European clubs.

The Parc des Princes is owned by the City of Paris, and Mayor Anne Hidalgo has expressed reluctance to sell the stadium, although the club is interested in purchasing it to expand its capacity rather than relocating.

“We are always open to discussing the expansion of Parc des Princes, but not its sale,” Hidalgo stated in an interview with Le Parisien in June.

Plans for a new stadium with a minimum capacity of 60,000 are still being explored in locations like Passy or Massy, both situated on the city’s outskirts.

A decision regarding the new stadium is anticipated in the autumn of next year.