PSG to Make Stade de France Their New Home

French club Paris Saint-Germain, owned by Qatar, is interested in buying the Stade de France stadium in the Parisian suburb of Saint-Denis, according to a source at the capital club who confirmed on Friday.

“We are candidates for the purchase of the Stade de France,” the source said in a statement to Agence France Presse, noting that the venue, which hosted the 1998 World Cup final, was valued at around 600 million euros. indicating that the proposal has not yet been formally submitted.

According to government accounts conducted in 2021, the cost of the stadium was estimated at “647 million euros”.

The State issued two invitations to bid on March 7, the first for the sale process and the second for obtaining a new concession, provided that bids are delivered no later than April 27.

Bids submitted in 2024 will be reviewed prior to transfer of ownership in 2025.

And the president of Paris Saint-Germain, Nasser Al Khulaifi, expressed dissatisfaction with the negotiations with the Parisian municipality in order to obtain full ownership of the Parc des Princes stadium, where the capital’s team currently plays its home matches. but Paris Mayor Anne Hidalgo confirmed on 15 January that the stadium was “not for sale”.

A source at the Paris club said: “If we don’t move forward (in talks) with the municipality of Paris, we are preparing for other options,” adding that talks on the Parc des Princes with Anna Hidalgo have not moved forward.

The club believes that if Paris Saint-Germain does not become the official owner of its stadium, it will not be able to start the expansion and modernization project worth 500 million euros.

Source: AFP.

Linzi Anemone
Among Linzi Anemone's many skills is video production; she works as a multimedia journalist. She attended USC for her Master's in Journalism and UCLA for her Bachelor's in Film Production. She creates content on various topics, including culture, lifestyle, and technology, for WS News Publishers' website and social media channels.

Similar Articles


Most Popular