According to ESPN, Paris SaintGermain will leave the Parc des Princes after City Hall decided not to sell the stadium to the club
THE Paris St Germain will leave Prince Parkhis home since the club’s founding in 1970, after Paris Mayor Anne Hidalgo announced that the city would not sell the stadium to the club.
The association invested approx. 85 million euros (469 million BRL) improvements in recent years improve facilities and increase capacity.
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PSG owners were willing to invest more 500 million euros (2.7 billion) on new renovations and an even bigger expansion of the stadium so the company can grow in competition with other giants in Europe.
The parties had negotiated an agreement to sell Parque dos Príncipes without reaching an agreement.
Now Anne Hidalgo has definitely taken a stand.
“We have a very clear position. The Parc des Princes is not for sale and will not be sold. This is a fixed and final position. It’s an extraordinary legacy for the Parisians,” Hidalgo told Le Parisien this Saturday (14).
This was reported by a spokesman for Paris SaintGermain ESPN:
“It is both surprising and disappointing to learn that the Mayor of Paris is taking a position that will effectively evict the club, our fans and the community from the Parc des Princes; at the same time remarkably increased the taxpayer’s burden by tens of millions of euros to preserve the structure of the stadium, which is already 50 years old and needs renovation”.
Anne Hidalgo, unpopular in opinion polls since her reelection in 2020, still wants to work with Paris SaintGermain to modernize the stadium.
However, the club is reluctant to invest large sums in Parque dos Príncipes if they do not own Parque dos Príncipes.
“It is unfortunate that the Mayor is suddenly and definitively ending the sales talks that we have had for a long time and the club are now sadly forced to find alternative options for our home, which is not the result of the club or our supporters having had hoped. ‘ added PSG.