PSG secure new commercial agreement
December 20, 2010
By Ian Holyman, France Correspondent
Paris Saint-Germain have clinched a massive deal with the Qatar Tourism Authority that will bring the Ligue 1 leaders more than €150 million over each of the next four seasons.
The agreement with the QTA, a body linked to the Qatari state that is aimed at promoting tourism in the Arab state, was revealed to French football's financial watchdog, the DNCG, on Tuesday, Le Parisien reports. It is not a sponsorship agreement but a "vast publicity campaign intended to promote the image of Qatar", the paper adds.
Retroactive for 2012, it will boost PSG's coffers by €150 million for the current campaign, increasing progressively to a minimum of €200 million in its final season, 2015-2016. That sum could be even larger, with the contract containing bonus clauses based on the team's performances in European competition.
The initial influx of revenue will help balance PSG's books for the current season, and keep them in line with UEFA Financial Fair Play guidelines. With European football's governing body taking into account clubs' finances as of the 2011-12 season, the deal with the QTA is a major boost for PSG. A recent France Football article had claimed nothing short of victory in the Champions League final this season would ensure the club met UEFA criteria.
Meanwhile, Javier Pastore has added to a trying week by losing his temper when attempting to enter the club's Camp des Loges training ground. The Argentina international was refused entry via the gate reserved for the use of Carlo Ancelotti and his technical staff.
Forced to perform a U-turn to park his car with those of the other PSG players, Pastore reversed - deliberately, according to L'Equipe - into the gate before parking and participating in training.
The incident comes after the publication in Italy of an interview Pastore gave to Chimagazine in which he said he was unhappy in France and vowed he would one day play for AC Milan.
December 20, 2010
By Ian Holyman, France Correspondent
Paris Saint-Germain have clinched a massive deal with the Qatar Tourism Authority that will bring the Ligue 1 leaders more than €150 million over each of the next four seasons.
PA PhotosPSG have spent vast sums on players since the Qatar Investment Authority's takeover
The agreement with the QTA, a body linked to the Qatari state that is aimed at promoting tourism in the Arab state, was revealed to French football's financial watchdog, the DNCG, on Tuesday, Le Parisien reports. It is not a sponsorship agreement but a "vast publicity campaign intended to promote the image of Qatar", the paper adds.
Retroactive for 2012, it will boost PSG's coffers by €150 million for the current campaign, increasing progressively to a minimum of €200 million in its final season, 2015-2016. That sum could be even larger, with the contract containing bonus clauses based on the team's performances in European competition.
The initial influx of revenue will help balance PSG's books for the current season, and keep them in line with UEFA Financial Fair Play guidelines. With European football's governing body taking into account clubs' finances as of the 2011-12 season, the deal with the QTA is a major boost for PSG. A recent France Football article had claimed nothing short of victory in the Champions League final this season would ensure the club met UEFA criteria.
Meanwhile, Javier Pastore has added to a trying week by losing his temper when attempting to enter the club's Camp des Loges training ground. The Argentina international was refused entry via the gate reserved for the use of Carlo Ancelotti and his technical staff.
Forced to perform a U-turn to park his car with those of the other PSG players, Pastore reversed - deliberately, according to L'Equipe - into the gate before parking and participating in training.
The incident comes after the publication in Italy of an interview Pastore gave to Chimagazine in which he said he was unhappy in France and vowed he would one day play for AC Milan.
