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.



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



Calvin Emeka Onwuka
Mou faces LVG, Wenger waits to pounce
Going into the weekend round of matches, Chelsea sit top of the Premier League in England with 73...

Sunday Oliseh
Why Klopp may struggle at English clubs
Seven years ago, 2008, a relatively unknown from Mainz 05, Jurgen Klopp, became coach at Germany’s...

Neil Tovey
Schut leaves a legacy
Having spent three years in South Africa plying his trade for Sundowns, Alje Schut will bid the PSL...

Dr Errol Sweeney
Some refs ‘bottle’ it and must be stopped
If referees were soldiers, many of them would be court martialed for cowardice.

Carol Radull
Keep up the KPL conversation
Every time I log onto twitter I have a look over the top trends because that immediately tells you...

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...