Paris St. Germain President Confirms Agreement With Qatar Tourism Authority
Ligue 1 club Paris St. Germain President Nasser Al-Khelaifi confirmed an image deal between the Parisian club and the Qatar Tourism Authority is in the works, according to FRANCE 3. Al-Khelaifi said, "We are negotiating this contract with QTA. We will make it official this month or in February. This contract is a strong symbol: Qatar receives many benefits from this investment in PSG. And these investments will continue. It is necessary if we want to become one of the great European clubs" (FRANCE 3, 1/4). SOCCEREX noted QTA "is expected to invest" up to €200M ($263.7M) a year into the club until '16. The deal has been "questioned as to its implications" regarding UEFA’s Financial Fair Play regulations. The agreement is worth twice PSG’s revenues for the '10-11 season and the club is "expected to submit the contract" to UEFA in the coming months (SOCCEREX, 1/7).