Top gun PSG mulling to buy Stade de France

Article posted by Coliseum, November 28^th, 2022

Image: Stade de France, Zakarie Faibis, CC BY-SA 4.0

French giants Paris Saint-Germain F.C. could reportedly move across town to the 80,000 seater Stade de France in Saint-Denis, France.

‘The Sun’ stated that the Ligue 1 outfit currently plays at the 48,000-capacity Le Parc des Princes in Paris, France.

The Paris Saint-Germain Football Club, commonly referred to as Paris Saint-Germain or simply PSG, is a professional football club based in Paris, France. They compete in Ligue 1, the top division of French football.

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The Le Parc des Princes is an all-seater football stadium in Paris, France, in the South-West of the French capital, inside the 16^th arrondissement, near the Stade Jean-Bouin and Stade Roland Garros. The stadium, with a seating capacity of 47,929 spectators, has been the home of Paris Saint-Germain since 1974.

‘The Sun’ further stated that but PSG’s Qatari owners are eyeing an upgrade.

They are keen on a £430million renovation of the Parc des Princes, but the stadium is owned by the City Council of Paris. PSG want to make it a 60,000 seater arena, but will not do so unless they own the stadium.

The Council are claimed to be quoting PSG four times above the market value to become owners of the stadium.

PSG President Nasser Al-Khelaifi stated, “Paris deserves a better stadium.”

Al-Khelaifi claimed that the Council of Paris is pushing the club to move, with the Stade de France thought to be a potential option.

That stadium is owned by the French Government, who is believed to be looking at selling the arena.

There are also claimed to be two sites where a new stadium could be built.

Added Al-Khelaifi, “My first option is we don’t move. But the City of Paris is pushing us to move.”

He admitted, “We’ve spent 70 million euros (£60m) upgrading the Parc des Princes but it’s not our stadium.”

The Stade de France is currently used by the French national football and rugby teams.

Part of the reason for a stadium expansion or move is to protect PSG from the Union of European Football Associations (UEFA) Financial Fair Play Regulations.

The ‘Les Parisiens’ were fined earlier this year for overspending.

A stadium with a capacity higher than 48,000 would allow the club to bring in more revenue.

The Stade de France is the national stadium of France, located just North of Paris in the commune of Saint-Denis. Its seating capacity of 80,698 makes it the sixth-largest stadium in Europe. The stadium is used by the France national football team and France rugby union team for international competition.

The Union of European Football Associations (UEFA) is one of six continental bodies of governance in association football. It governs football, futsal and beach football in Europe and the Eurasian transcontinental countries of Russia, Turkey, Cyprus, Azerbaijan, Armenia, Georgia, and Kazakhstan The UEFA consists of 55 national association members. Because of the 2022 Russian invasion of Ukraine, FIFA and UEFA suspended all Russian national teams and clubs from any FIFA and UEFA competitions.

The UEFA Financial Fair Play Regulations are a set of regulations established to prevent professional football clubs spending more than they earn in the pursuit of success, and in doing so not getting into financial problems which might threaten their long-term survival.

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