Paris Saint-Germain have inked a huge deal with the Qatar Tourism Authority (QTA) that will bring the Ligue 1 leaders more than €150 million ($198.5m) over each of the next four seasons, according to reports.
The agreement with the QTA, a body linked to the Qatari state that is aimed at promoting tourism in the Arab state, was revealed to French football’s financial watchdog, the DNCG, on Tuesday, Le Parisien reports. It is not a sponsorship agreement but a “vast publicity campaign intended to promote the image of Qatar”, the paper adds.
Retroactive for 2012, it will boost PSG’s coffers by €150 million for the current campaign, increasing progressively to a minimum of €200 million in its final season, 2015-2016. That sum could be even larger, with the contract containing bonus clauses based on the team’s performances in European competition.
The initial influx of revenue will help balance PSG’s books for the current season, and keep them in line with UEFA Financial Fair Play guidelines. With European football’s governing body taking into account clubs’ finances as of the 2011-12 season, the deal with the QTA is a major boost for PSG. [Source: I Sport Connect]
Paris St Germain with its new motto Dream Bigger are setting themselves for global success. However, this success goes with a full compliance with the Financial Fair Play rules.