Loading...
Loading Live Scoring...
*All times CAT (GMT+2)

Football | France

Qatar to give PSG up to €200m a year



Qatar will pour up to €200 million a year into Paris Saint-Germain under an advertising contract designed to help the French club meet Uefa's financial fair-play rules, according to French media.

The deal, already submitted to French football's controlling body (DNCG), has been struck with the Qatar Tourism Authority (QTA) and will run until 2016, daily Le Parisien said on Thursday.

PSG have spent more than €250 million in transfers since the Qatari fund QSI bought the club in June 2011 and must comply with new financial fair play regulations, which require clubs not to spend more than they earn.

PSG are playing in the Champions League for the first time since 2004 and broadcasting rights for the French top flight are the lowest in the top European leagues, so the club were looking for a new revenue source.

According to Le Parisien, QTA will pay between €150 and 200 million a year to PSG for the club's help in promoting the country abroad. QTA is linked to the Qatari state, as are the club's owners QSI.

The deal is retroactive, meaning QTA will put the money in the club for 2012 to help PSG bear the cost of their latest signings, including striker Zlatan Ibrahimovic who is reportedly earning a net €14 million a year.

PSG were not available for comment.

Shop

Rafa: My Story
Revelatory memoir from the greatest sportsman in the world today.
R202.00


Comments

More expert analysis and opinion from Sport24
The opinions expressed by Sport24 experts and bloggers are theirs alone, and do not necessarily represent those of SuperSport

Event Streaming

Channel Streaming

Other Live Streaming

Event Streaming

Channel Streaming

Sports Talk



Neil Tovey
Brockie - A striking example
Jeremy Brockie has only been in South Africa since January but has made a big impression.

Dr Errol Sweeney
Ref in red card 'blunder'
In my last blog for supersport.com I stated that video technology is, more than ever, required to...

Sunday Oliseh
EPL goes to war with non-Euro foreigners
What will the Barclays Premier League be without foreigners today? Uninteresting to say the least...

Carol Radull
LVG has arrived
I said it a few weeks ago, that once Man United found their footing, it would be impossible to stop...

Segun Odegbami
Football is full of failed coaches
I admit that I am looking for trouble writing today about coaches. I do not really like discussing...

John Dykes
Ups and downs for Mersey managers
My thoughts have increasingly turned to Merseyside of late as Social Media has been abuzz with talk...