Paris Saint-Germain (PSG) has been informed that they cannot purchase the Parc des Princes and is planning to invest €500 million to acquire a new stadium. According to reports, they are looking at Poissy, Saint-Cloud Racecourse, and the Stade de France as options.
The facilities at Parc des Princes have already undergone renovations costing €85 million by the club’s owners, Qatar Sports Investments (QSI). However, Anne Hidalgo, the mayor of Paris, just declared that the arena is registered as property owned by the city. QSI cannot, at whatever price, own it, she continued.
The Parisian club has called this location home since 1974, thus Hidalgo’s remarks surprised them. According to ESPN, the Paris mayor stated the following:
💰 PSG are ready to invest €500M in a stadium to be the sole owner. Negotiations with the city of Paris for the Parc are difficult.— PSGhub (@PSGhub) January 17, 2023
Other options are Saint-Cloud racecourse or Poissy, which are different options in Paris area. @RMCsport 🏟️🇫🇷
PSG later issued a comment on the subject. Hidalgo is unwilling to sell, but he is eager to collaborate with the team to further upgrade the stadium. However, the Ligue 1 team has no interest in doing so. They have a €500 million budget to find a new house and will instead focus on alternatives.
A spokesperson for the club said:
“It is surprising and disappointing to hear that the mayor of Paris is taking a position which, effectively, will force PSG, our fans, and communities away from the Parc des Princes; while also — quite remarkably — adding tens of millions of Euros to the taxpayer burden to maintain the structure of the building, which is now 50 years old and in need of renovation.”
With a capacity of around 81,000 spectators, the Stade de France is one of the largest arenas in the city of Paris. PSG are targeting a high-profile stadium as their future home (according to GOAL).
the stadium is now the official home his ground of the French national team. The stadium in Saint-Denis, north of Paris, is owned by the government and is for sale.
The French club has €500 million budget and plans to renovate and further expand the stadium to build a bright future for the club.