Yeah it feels like Qatar had to build up PSG similar to Abu Dhabi with City. They won't have to do that with us so it being run very differently
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Yeah it feels like Qatar had to build up PSG similar to Abu Dhabi with City. They won't have to do that with us so it being run very differently
Do you seriously think that the project can be regarded as a success given the amount they've spent? They absolutely did not need to spend as much as they did to be able to dominate that league. They've spent billions, aren't taken seriously with their toxic culture, and have barely made a dent in the CL. They just aren't run like a proper club. They are a joke.
PSG are a joke especially when you consider they didn’t even win the league in 2020-21. Beaten to it by Lille, a team who have been plagued by financial troubles.
They bought the club for €100m in 2011. Since then they had dominated the French league, they spent €1.41b and are now worth over €4b. That's quite a net profit isn't it? How would that compare with lets say Lausanne who keeps getting relegated or NICE whose at 7th place despite INEOS spending considerable money upon?
worth more than Chelsea and Liverpool? I’ll have some of what you’re smoking.
Pre PSG, Lyon did alright in the CL too, and spent just 250m gross in 8 years to win 7 league titles. PsG are an absolute joke and have spent 1.5 bn for similar success to Lyon, and a feck feck feck tonne more on wages, and if you believe they are actually worth 4bn, you’re extremely naive.
Isn't the whole point of being state backed that the money/value of the club becomes irrelevant? It isn't run like a traditional business or football club. They've really leaned into that and have embraced being something much uglier and soulless.
It really doesn't sound very likely that PSG could be sold for that much.
worth more than Chelsea and Liverpool? I’ll have some of what you’re smoking.
Pre PSG, Lyon did alright in the CL too, and spent just 250m gross in 8 years to win 7 league titles. PsG are an absolute joke and have spent 1.5 bn for similar success to Lyon, and a feck feck feck tonne more on wages, and if you believe they are actually worth 4bn, you’re extremely naive.
Well Forbes rates the 3.2b dollars and according to al-khelaifi they had received offers of higher then 4B which in turn makes PSG a shrewd buy. Now if you know something that the likes of Forbes does not then I rest my case.
worth more than Chelsea and Liverpool? I’ll have some of what you’re smoking.
Pre PSG, Lyon did alright in the CL too, and spent just 250m gross in 8 years to win 7 league titles. PsG are an absolute joke and have spent 1.5 bn for similar success to Lyon, and a feck feck feck tonne more on wages, and if you believe they are actually worth 4bn, you’re extremely naive.
Simon Jordan and Jim White said hey were there when 4 billion Euros was rejected to buy PSG.
Al-Khelaifi said: “We took the club at €70m and today it is more than €4bn euros. It’s a good project.” https://www.arabianbusiness.com/lif...r-looking-to-sell-psg-stake-after-4-1bn-offer
I don't think that you can generalize on all state backed clubs. As stated in those quotes Qatar are quite proud of how the club had increased its value and they might consider selling a minority stake in it in the future. So there's an element of financial acumen in all of that. They did achieve in terms of influence as well (which I guess sportwashing/greenwashing aim for). After all Qatar had managed to bring the WC to their nation after all.
Forbes basis it’s valuations on a companies revenues and profits. And as we know by now, with state-owned football clubs, we cannot believe anything to do with their sponsorships, revenues and profits, so if you rest your case, there are even more naive than I thought.
PSG generate over a third of total revenue in Ligue 1, if you don’t see a red flag or two there well… more fool you.
They were there, what does that even mean? They were where? Who the feck was bidding?
By that logic, Glazers have run United really well
You can't really compare United to PSG. The former was already a football giant while PSG was a small club in a small league.
However from a purely financial terms they made a hit. They found a diamond who was poorly valued and they are now set to make 6B out of it. However they could have made way more money if they actually invested in the infrastructure/squad etc which is what the Qatari did.. In poor man's words its like unearthing a lost Picasso in a flea market only to let it rot in your basement garage with little care to maintain it. Sure its still worth more then the tenner you spent to buy it up but it would have been worth more if you properly preserved it
According to their president they actually received a bid for more then 4B. So I guess they are worth what they say
That Forbes valuation is most likely a revenue multiple. But their revenue includes their inflated sponsorship deals with Qatari companies. Take those away and the club is probably deeply cash flow negative given their stratospheric wage bill and lower French league TV money relative to the top 4 Europe leagues. So on a fundamental basis the value is probably negative.
I received a bid of more than 5B for my second hand toaster business.
ha ha
So spend £5-6 billion on a football club (and service that debt for years) to make what £30-40m in dividends per year for 5-10 years?
Far more sensible and profitable ways to invest £5-6 billion over a 10 year period mate.
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And therein lies my hatred of state ownership. As I stated in my previous post if we were to believe the nonsensical figures, then Paris Saint-Germain make a third of the total revenue for the entire league.
Now we could all at least call that out as the bullshit that it clearly is, and that sponsorships of 70 million a year by Qatar airways for a Ligue 1 team are absolutely made up nonsense.
Instead though, do you get football fans pretending all this is above board and that these owners have created incredible business that now pay for themselves, when in reality, take the owners away and bankruptcy is close behind.
Okay tiger, calm down. Haha.
In Qatar, during the world cup. Unfortunately, they never shared the specific location they were at, whilst this offer was made.
The sportswashing effect is indeed amazing, in its speed and depth. Tribalism kicks in and the identity of the club is almost welded to the identity of the state owners, and their honor and competence must be defended. Hence the derision of the protest banner at Old Trafford this weekend.
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I mean, why would he lie?
Everyone is lying/naive and is wrong (Forbes, Bloomberg, PSG owners etc) apart from you
During a WC in Qatar, someone made a public bid to Qatar, for a Qatari owned football club, at a quite frankly ridiculous overpriced amount?
Sounds legit.
Was it at the blackjack table?
Was it like Indecent proposal?
Not too sure, you'll have to ask Simon Jordan and Jim White who were there. Sorry.
Forbes nor Bloomberg aren’t lying, can’t you read ?
They base valuations off company revenues/profits, nothing more, nothing less. Now we know City and PsG inflate these by sponsoring themselves.
Ergo, there’s only one “lier” at play.
How much money did INEOS spend on Nice? Guaranteed it's significantly less than 1.4 billion
Or use your common sense for a second man. In what World would those pair be at a genuine business negotiation for PSG.
I want to hear him talk big with the same boldness of the Qatar statement,I would take either over the yankee leeches,however I have concerns over how NICE has been run. Yes I will admit you could make the same argument about Qatar with PSG.
Okay.
But you are coming across as though you will refute anything that reports PSG to the value of 4bn Euros. So, no matter what I say, or anyone else, it won't make much of a difference.
Can you please back your claim with something tangible?
It's the same as City.
https://www.nytimes.com/2019/07/24/sports/psg-uefa-ffp.html
That's almost double United's kit logo deal.
So it seems that sportwashing is so strong not only are some people defending everything Qatari before they've even bought the club it now extends to defending their ownership and running of PSG.
I am referring to your claim about how Forbes has come out with the club's value.
Owners had always helped clubs prop their revenue through sponsors. Juventus are sponsored by JEEP who are owned by the Agnelli family. If we're bought by SJR I'd expect INEOS to do the same. Also note that non Qatari linked sponsors had helped increase revenue. In 2021-2022 sponsorship money had increased by 13% because of new deals with GOAT (50 million euros for the season), Crypto.com (10m euros), and Gorillas ( 10 million euros). Other sponsors include Accor Live Limitless, EA sports, Visit Rwanda, Orange, Autohero and Coca Cola.
Revenue increases had also been seen thanks to merchandising and matchday revenue
https://www.getfootballnewsfrance.com/2022/psg-set-to-generate-e700m-in-revenue-this-season/
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INEOS I believe won’t ‘talk big’ because that’s not their MO. They will invest for sure, but I don’t see them splashing the cash because they want to be sustainable and smart with their investment.
The statement said they want to put United back at the top with the clear aim of winning the champions league. Thats all we can ask.
Didn’t you know? PSG are the greatest club in football (never to win the champions league)
I mean, I’m resigned to US investment.
By the way, my objection was to the way you framed Sir Jim as ‘obsessed with ROI’ - which is patently false but will be read as gospel by other posters which is how fake news is started.
I get that you are pro-Qatar and I kinda understand the excitement around that bid, and if we could be sure it wasn’t state ownership by the back door I could probably get on board too - but that is very unlikely. Either way you don’t need to be making stuff up or repeating falsehoods to make your point.
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