PSG for sale after the World Cup? Qatar is choking
It was the fear of Paris Saint-Germain fans, to see Qatar withdraw from PSG after the organization of the 2022 World Cup in Doha. But this disaster scenario is now completely forgotten.
When Qatar Sport Investments bought PSG in 2011 from Colony Capital, many saw it as a soft power operation, in other words, a way for the gas state to make a flattering name for itself. For eleven years, Doha has invested hundreds of millions of euros in the French capital club, making Paris Saint-Germain a huge sports brand and allowing PSG to accumulate national titles, while waiting for QSI’s real goal, namely to win a Champions League. But, as Qatar has obtained the right to organize the World Cup in 2022, rumors have been circulating for years about a possible abrupt withdrawal once this competition is over. A catastrophic scenario that this Monday was swept aside with a wave of the hand by one of the strong men of Paris Saint-Germain.
During an interview with the podcast Pause, which had hosted a few days ago Delphine Verheyden, Kylian Mbappé’s lawyer, Jean-Claude Blanc, the general manager of PSG, firmly denied that the intentions of Qatar are to cut the financial tap to Paris once the final of the World Cup 2022 is played. The Parisian executive explained why this fear was based on wind. “I have no indication in this sense, and the desire to build for a long time in Paris has been stated several times by Nasser Al-Khelaïfi. We are building an absolutely extraordinary training center next to Paris. It will be delivered in one year, in 2023 (…) Before QSI, PSG was about 90 million euros of turnover, a club with average structures in a leading city. Today, we have made it a worldwide brand. And we’ve gone up to about 700 million euros at the end of the season we’ve just finished. They bought the club between 50 and 100 million euros and the last valuation that came out was between 3.2 and 3.5 billion (…) I think that their investment in soccer combines both the passion and the media power that this sport represents. Among the investments made, Paris Saint-Germain is undoubtedly among the good ones, given the tremendous valuation of the club today,” said Jean-Claude Blanc, who is working on the long-term future of PSG and not on a grandiose project that could end on December 18 at the final whistle of the Qatari World Cup.
These words will reassure Parisian fans, but will annoy those who believe that Paris Saint-Germain is far too powerful financially by relying on the resources of a state, Qatar, and not a sponsor or even a foreign investor. We remember that a few weeks ago, the Spanish media had promised such a descent into hell for PSG. Meanwhile, Nasser Al-Khelaifi had already made it clear last April that the Emir had no intention of selling PSG, the Parisian president said he had refused a buyout offer of 2.2 billion euros. This confirms that the divorce is not for tomorrow, no one would have the means for that, and the Ligue 1 championship will continue to rely on Paris and its stars to do its business.