PSG enters the race to purchase the Stade de France nationwide stadium

Issued on: 10/03/2023 – 16:58Modified: 10/03/2023 – 17:05

The French authorities has launched a name for tenders to discover a purchaser at a worth of round 600 million euros ($635 million) for the 81,500-seater stadium, the most important in France, whose present lease expires on July 1, 2025.

PSG’s announcement follows a hitherto unsuccessful bid by the membership’s Qatari homeowners to purchase the Parc des Princes, which has been its residence for nearly 50 years, from the Paris Metropolis Council to have the ability to increase it.

“We’re candidates for the Stade de France,” a PSG supply mentioned, confirming a report within the French sports activities every day L’Equipe, including that it had not but put in its bid.

The value of the Stade de France, which was constructed for the 1998 World Cup finals, was estimated at 647 million euros by the French authorities in 2021.

The present lease has been held since 1995 by a consortium comprising French enterprise teams Vinci and Bouygues.

Sports activities Minister Amelie Oudea-Castera mentioned the sale of the nationwide stadium is an possibility, in addition to granting a brand new working lease.

The deadline for the tenders expires on April 27 with bids to be examined subsequent yr for the attainable handover of the stadium in 2025.

PSG presently play on the 48,500-seater Parc des Princes, its residence since 1974.

The membership signed a 30-year lease for the Parc in 2014 however lately mentioned it will attempt to discover a new residence if it failed to purchase the stadium from the Paris Metropolis Council.

The present Ligue 1 leaders wish to make vital upgrades to the venue however solely as soon as they’ve assumed full possession.

PSG president Nasser Al-Khelaifi revealed final November that the membership had lodged a suggestion to purchase the Parc des Princes, which was rejected for being under the council’s asking worth.

Paris mayor Anne Hidalgo advised Le Parisien newspaper that the stadium “shouldn’t be on the market” however mentioned she may work with PSG on potential renovations ought to the Parc de Princes stay underneath the council’s possession.

PSG desires to increase the capability of the Parc des Princes to 58,000 which renovation work estimated at round 500 million euros.

This stays PSG’s most popular possibility with acquisition of the Stade de France a second alternative. The third chance is the development of a brand new stadium close to Poissy, a city in Paris’s western suburbs.

If PSG will get the tender to purchase the Stade de France, it should share the advanced with different actors together with internet hosting matches organised by the French soccer and rugby federations.

(AFP)