Paris Saint-Germain, the reigning European champions, said today that their turnover last season was a record 837 million euros ($975.6 million), even though some people think their stadium is too big for them.
PSG, which is controlled by Qatar, declared the 2024/25 season “historic” for both sports and business because it was the first time they won the Champions League.
According to AFP, the club, which Qatar Sports Investments (QSI) bought in 2011, made 367 million euros from business and 175 million euros from matchday revenues, which includes ticket sales and hospitality.
Total revenue was marginally higher than the previous season’s 806 million euros, when Real Madrid became the first team to make one billion euros in a single season.
In the 2023/24 season, PSG was third in the Deloitte Football Money League, which ranks clubs by how much money they make. They were behind only Madrid and Manchester City, whose revenue reached 837.8 million euros.
“This performance shows how far the project has come since its main shareholder QSI came on board, and it proves that the club’s economic model is solid and one of the best in the world,” PSG said. They also said that turnover in 2011, just before the Qatari takeover, was 99 million euros.
Building the brand
“Since QSI bought the team in 2011, Paris Saint-Germain’s value and interest from investors have grown at an exponential rate. This shows how the team has become one of the most valuable and influential sports brands in the world.”
The amount spent on player salaries has also dropped a lot after superstars Kylian Mbappe, Neymar, and Lionel Messi left in 2023 and 2024. PSG reported that the percentage of turnover spent on wages had gone down from 111 percent to less than 65 percent.
However, PSG’s chances of growing even more seem to be constrained by the state of French football’s finances and the small size of their stadium.
The French champions made a lot of money by winning the Champions League and getting to the Club World Cup final, but Ligue 1’s TV agreement fell through, thus the league’s broadcasting income has gone down.
The club is looking into methods to make more money on match days, including as moving away from their historic home at the Parc des Princes, which can hold 48,000 people.
Real Madrid, Bayern Munich, Liverpool, and Arsenal are among major continental rivals that play in bigger stadiums. Barcelona will soon be back at their Camp Nou home, which will hold 105,000 people when renovations are finished.
“We can compete with the biggest clubs in Europe even though we play in a smaller stadium.” “We need to come up with new ideas to keep growing,” stated PSG.
They are now thinking about leaving their city-owned home to move to a bigger place far out in the suburbs of Paris. They are looking at two places: one in Massy, to the south, and one in Poissy, to the north-west, where the club just constructed a new training ground.
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