PARIS: Champions League winner Paris Saint-Germain generated club-record revenue of 837 million euros ($976m) last season.
The figures released by the club on Tuesday include 175 million euros in matchday revenue and 367 million euros in commercial revenue, with six new partners joining the club.
The figures encompass the men’s and women’s soccer teams as well as handball and judo teams. By comparison, revenue for the 2023-24 season was 806 million euros, which was the third highest in European soccer.
PSG’s men’s team won the domestic double and clinched the Champions League for the first time by routing Inter Milan 5-0 in the final, giving the club’s Qatari investor QSI the trophy they craved after taking over the club in June 2011.
The club were valued by Forbes at $4.6 billion in May, placing them seventh among the world’s most valuable soccer teams.
Real Madrid led with $6.75 billion, followed by Manchester United ($6.6 billion) and Spanish champion Barcelona ($5.65 billion).
However, low television revenue in Ligue 1 and the Parc des Princes stadium’s 48,000-capacity — considerably smaller than other leading clubs in Europe — were hampering further financial growth for PSG.
The Parc des Princes was owned by Paris City Hall and Paris Mayor Anne Hidalgo does not want to sell the stadium to the club, which hoped to buy it and expand it rather than go elsewhere.
“Our door is always open to expanding the Parc des Princes, which is owned by the City of Paris,” Hidalgo told Le Parisien newspaper in June. “Not to sell, but to expand.”
Plans for a new and bigger stadium away from Parc des Princes with a minimum capacity of 60,000 were still being considered in Passy or Massy, both on the outskirts of the city.
A decision on the new stadium was expected to be taken in autumn of next year.
Champions League winner PSG made nearly $1 billion in club-record revenue last season
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Champions League winner PSG made nearly $1 billion in club-record revenue last season
- The figures encompass the men’s and women’s soccer teams as well as handball and judo teams
- The club were valued by Forbes at $4.6 billion in May, placing them seventh among the world’s most valuable soccer teams
Guardiola hails Man City’s ‘massive’ win over Newcastle
- Guardiola’s second-placed side closed the gap on leaders Arsenal to just two points with their tense victory at the Etihad Stadium
MANCHESTER, United Kingdom: Pep Guardiola labelled Manchester City’s 2-1 win over Newcastle on Saturday as a “massive” moment in the Premier League title race.
Guardiola’s second-placed side closed the gap on leaders Arsenal to just two points with their tense victory at the Etihad Stadium.
Nico O’Reilly put City ahead in the first half and restored the lead before half-time after Lewis Hall had equalized.
City weren’t at their best in the second half, but they held on to pile pressure on spluttering Arsenal, who travel to Tottenham for the north London derby on Sunday.
Guardiola knew it was essential to make Arsenal sweat.
“Massive. Newcastle is an incredible team, awesome in physicality and speed they have up front. Physicality in the middle. Really tough but the team was unbelievable,” he said.
“It’s coming in best part of the season. Every single game will be similar to today.”
After finishing without a trophy last season, City are back in the hunt for the seventh English title of Guardiola’s reign.
They will have a game in hand on Arsenal after this weekend and are guaranteed to win the title if they win their last 11 league matches.
Guardiola has embarked on an expensive overhaul of City’s squad in the last 12 months, shedding aging stars like Kevin De Bruyne, Ederson and Kyle Walker and bringing in the likes of Marc Guehi, Antoine Semenyo and Rayan Cherki.
The Spaniard is well aware that his new generation largely lacks the experience of winning under the pressure of a title race, which made their gritty success against Newcastle even more meaningful.
“70 percent of the players have never been in that situation, and I don’t play. So we have to live it, they know that every game will be like this,” he said.
“Especially at home, with five home games left. Today was the best crowd of the year, it was unbelievable with our people, really proud to be manager of these incredible people and fans.
“Of course in terms of points it’s important, but we have to improve to have chance to compete until the end. Now we deserve three more days off. Then another battle in Leeds.”
Guardiola singled out O’Reilly for praise after the young England midfielder’s pair of clinical finishes showed he won’t be affected by the strain of chasing Arsenal.
“Nico give us in the middle that physicality that we need. He now plays in his position,” he said.
“He has always played that, he is so complete and so young. I am really pleased the academy produced these incredible players, Nico, Phil (Foden), Rico (Lewis).”
