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PSG plan to move out of Parc des Princes: Nasser Al-Khelaifi

Published at :February 8, 2024 at 10:59 PM
Modified at :February 8, 2024 at 10:59 PM
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Rajarshi Shukla

PSG played their first game at Parc des Princes in 1973

Club president Nasser Al-Khelaifi stated on Thursday that Paris St. Germain appears to be planning to depart the Parc des Princes after the City declared the stadium was not for sale.

When Paris Mayor Anne Hidalgo said that the arena wasn’t up for auction, a stance that City Hall reaffirmed on Tuesday, PSG stated that they were going to look into other options last year.

Four years after the club was established, in 1974, PSG moved into the Parc des Princes.

“It’s too easy to say now that the stadium is not for sale anymore. We know what we want, we wasted years to try and buy it. It’s easier for us now, we know what we want. It’s over for us. We want to move out of the Parc,” Al-Khelaifi told reporters at a UEFA Congress.

“A sale is not desirable, because that would be a decision with no turning back… That’s why we have to rule out the sale of the Parc today. We don’t want to sell off Paris’ legacy,” Paris deputy mayor for sports Pierre Rabadan said on Tuesday.

PSG estimates that the Parc des Princes is worth between €80 million and €100 million; it is believed that Hidalgo’s own property valuers were used to calculate this estimate. Hidalgo has, however, cited figures as high as €300m, notwithstanding her most recent “not-for-sale” attitude, which PSG claims has been contradictory.

With little hope of a change of heart very soon, the club has now formally chosen to prepare for an exodus from Parc des Princes and is thoroughly investigating three possible locations.

Another benefit of moving is probably a larger capacity. If PSG stays, the 48,583 Parc des Princes would accommodate at least 60,000 spectators; however, a new stadium might accommodate up to 75,000.

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