Paris SG mandates a company to look for a new stadium
Julien Moreau with AFP
If the standoff continues between Paris Saint-Germain and the City of Paris concerning the sale of the mythical Parc des Princes, the leaders of the capital club have mandated the American company Legends Hospitality to look for a new stadium. The company has already worked with some of the biggest European clubs.
Paris Saint-Germain, in conflict with the town hall of Paris for the purchase of the Parc des Princes, has mandated the American company Legends Hospitality to study the possibilities of a new stadium, we were informed on Tuesday from a source familiar with the matter. confirming information from L’Équipe. The company must in particular carry out a market study, according to the sports daily. The football club owned by Qatar Sports Investments and the municipality are in deep disagreement over the management of the club’s historic premises and clash in particular on the media field. The club assures that it does not want to invest in the renovation and expansion of the stadium if it does not become its owner and plans to find refuge elsewhere.
The hypothesis of a stadium at the Saint-Cloud racecourse
Among the hypotheses that have circulated are the construction of a new stadium on the site of the Saint-Cloud racecourse. But building ex nihilo could take ten years. For its part, the town hall repeats that it is no longer a seller, after having assured that the purchase price proposed by PSG was ridiculous, around forty million euros against an initially hoped price of around 350 million. euros, according to different sources which do not all give the same figures. Legends Hospitality is a member of the Sixth Street investment fund, which specializes in the operation of sports venues. In the United States, this company manages the Sofi Stadium in Los Angeles (Rams and Chargers in the NFL), the AT&T Stadium in Dallas (Cowboys), the Allegiant Stadium in Las Vegas (Raiders), and even the Los Angeles Galaxy.
A company that has worked with Tottenham, Liverpool and Real Madrid
Legends Hospitality was created by the US football teams (NFL) New York Yankees and the Dallas Cowboys and 51% of its shares were bought by the investment fund Sixth Street in early 2021. In Europe, the company has worked with Tottenham or Liverpool and ensures part of the operation of the Santiago-Bernabéu stadium of Real Madrid for twenty years.