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SBD Global/November 5, 2012/Finance

City Of Paris Calls 'Game Over' On Subsidy Given To Ligue 1 Club Paris St. Germain

Paris City Hall will end its annual subsidy to Ligue 1 Paris St. Germain, according to Boris Cassel of LE PARISIEN. In a memo that will be presented in a meeting scheduled for Nov. 12 at the Council of Paris, the city will reveal the news. Le Parisien was able to obtain a copy of the memo, and the following reasons were given for the ending of the subsidy: "After careful consideration of the situation of the club, and in accordance with its leaders, it appears that maintaining a municipal grant to PSG is neither necessary, nor appropriate in a context of fiscal restraint. From '12-13, the club will continue its efforts on its own without financial support from the community" (LE PARISIEN, 11/1).
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