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Paris Saint-Germain recorded a profit of 1.5m francs during their inaugural 1970–71 season, but this trend quickly reversed and the club's debt grew over the years. [ 2 ] [ 5 ] PSG were in severe financial trouble by the early 1990s, having indebted itself for 50 million francs, which the Paris City Council refused to pay.
Paris Saint-Germain Football Club (French pronunciation: [paʁi sɛ̃ ʒɛʁmɛ̃]), 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 .
Nasser Al-Khelaifi has served as chairman of QSi since 2011, and is well known for his business ventures and various leadership roles in Qatar. He is currently chairman and chief executive officer of beIN Media Group in Qatar and president of Paris Saint-Germain Football Club (PSG) in France.
While Paris St-Germain have enjoyed a near-uninterrupted stranglehold on French football since a Qatari takeover in 2011, the lower-league clubs that make up the rest of the city's footballing ...
Following the QSi acquisition of Paris Saint-Germain F.C. (PSG) in June 2011, [11] Nasser Al-Khelaifi became the chairman of the board of PSG and also CEO of the club, [12] reinforcing Qatari interest in French football. QSi has several other high-profile partnerships. QSi also owns the Burrda sportswear brand. [13]
In late 2012 Qatar Sports Investments (QSI) completed a buyout of the French football club Paris Saint-Germain F.C. (P.S.G.), which valued the club at $130 million. [29] QSI invested a further $340 million in the club, they had bought the Paris Saint-Germain Handball team the previous year. [29]
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In the summer of 1970, an ambitious group of businessmen decided to create a major team in the French capital. [1] [2] Guy Crescent and Pierre-Étienne Guyot chose to merge their virtual side, Paris FC, created in 1969, with Stade Saint-Germain of Henri Patrelle after the team from Saint-Germain-en-Laye, 15 km west of Paris and founded in 1904, won promotion to Division 2.