Ligue 1 Champion Paris St. Germain Aims To Be World's Richest Football Club By '16-17
Ligue 1 side Paris St. Germain "is targeting the status of the richest football club in the world" by the '16-17 season, according to Arnaud Hermant of LE PARISIEN. A confidential document written for PSG President Nasser Al-Khelaifi outlines the club's "plans to reach a budget" of €540M ($723M) in '16-17. PSG’s budget for the current season is said to be €430M ($576M), with a payroll of more than €200M ($268M). Therefore, the club’s "controversial partnership with the Qatar Tourism Authority is key to its future ambitions" (LE PARISIEN, 11/8). SOCCEREX reported the deal with QTA will reportedly be worth between €150M-€200M ($201M-$268M) per year "with the contract back-dated to 2012 and increasing in value on an annual basis through 2016." The QTA deal "is set to be tested against UEFA’s FFP regulations later this month." PSG Deputy Dir General for Finance Philippe Boindrieux "will make the case for the partnership at UEFA headquarters" on Nov. 29. European football’s governing body "is expected to make a ruling on the matter next spring" (SOCCEREX, 11/11).