French Ligue 1 giants PSG will leave their home stadium Parc des Princes after being reportedly blocked from outrightly buying the sports complex.
As per reports, the club's hierarchy have been in talks with the Paris City Council for eight years trying to purchase the stadium all to no avail.
On Tuesday, February 6, the Paris City Council through the City's Mayor, Anne Hidalgo confirmed the decision not to sell the stadium after a final push by PSG.
'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.
Reacting to the decision, PSG president Nasser Al Khelaifi confirmed on Thursday, February 8, the club have no other option but to exit the facility.
The football chief added they have wasted years trying to convince City Hall to sell the facility but it has not worked out.
'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.
Reports in France claim the club have begun the search for a new location to build a home. Three options are on the table. First is the 20,000-capacity Stade Jean-Bouin, also owned by the City of Paris, located near the Parc des Princes.
A second option could be the government-owned 20,000 seater Stade Sebastien Charlety. It is currently the home of minnows Paris FC, but PSG would knock it down before building a new venue holding up to 75,000 fans.
The third site is the 30,000-seater Paris La Defense Arena, home of rugby side Racing 92. They are set to return to their renovated Yves-Du-Manoir stadium after the Olympic Games.
PSG made Parc Des Princes their home since 1974 four years after the founding of the club. They have reportedly invested hundreds of millions of dollars in developing the facility with hopes of finally buying it out from the Paris City Council.
As per reports, the club's hierarchy have been in talks with the Paris City Council for eight years trying to purchase the stadium all to no avail.
On Tuesday, February 6, the Paris City Council through the City's Mayor, Anne Hidalgo confirmed the decision not to sell the stadium after a final push by PSG.
'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.
Reacting to the decision, PSG president Nasser Al Khelaifi confirmed on Thursday, February 8, the club have no other option but to exit the facility.
The football chief added they have wasted years trying to convince City Hall to sell the facility but it has not worked out.
'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.
Reports in France claim the club have begun the search for a new location to build a home. Three options are on the table. First is the 20,000-capacity Stade Jean-Bouin, also owned by the City of Paris, located near the Parc des Princes.
A second option could be the government-owned 20,000 seater Stade Sebastien Charlety. It is currently the home of minnows Paris FC, but PSG would knock it down before building a new venue holding up to 75,000 fans.
The third site is the 30,000-seater Paris La Defense Arena, home of rugby side Racing 92. They are set to return to their renovated Yves-Du-Manoir stadium after the Olympic Games.
PSG made Parc Des Princes their home since 1974 four years after the founding of the club. They have reportedly invested hundreds of millions of dollars in developing the facility with hopes of finally buying it out from the Paris City Council.