Paris Saint-Germain president Nasser Al Khelaifi has confirmed that the club will now seek to leave the Parc des Princes after the Paris city council reaffirmed that the stadium was not for sale.
PSG, owned by Qatari investment vehicle Qatar Sports Investments, have long sought to purchase the stadium outright before expanding the stadium in order to improve matchday revenues.
This has led to a standoff with the city council who own the stadium. The mayor of Paris, Anne Hidalgo, stated again in an interview with Ouest France on Tuesday that while they would support any transformation to the ground, “there will be no sale of the Parc des Princes”. This was then reaffirmed in a vote by the city council that same day.
PSG have played at the Parc des Princes since their first appearance in the French top flight in 1974 and agreed a thirty-year extension to their lease in 2013.
Speaking to reporters at UEFA’s executive committee meeting in Paris on Thursday, Al Khelaifi said: “It’s easier for us now, we know what we want. It’s finished for us.”
Last month, the club withdrew their application to purchase the Stade de France, in Saint-Denis, north of Paris. The national stadium is currently inviting offers for a sale, however, the club felt that logistically, financially and culturally it would not be the right fit for PSG, who are currently based to the west of the city.
The club has previously outlined that their first choice option was to remain at the Parc des Princes, with a view to expanding the stadium’s capacity from around 48000 to 60000. In November 2013, the club invested around 75 million euros in a series of upgrades ahead of Euro 2016, which also increased their matchday and VIP capacity.
However, outright ownership of the stadium has been a red line.
PSG say they will now explore alternative sites for a new home, and will cease further developments at the Parc des Princes. The club say they have arranged an emergency meeting for Thursday afternoon with their stadium team, to begin this process.
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