【 football investment 】Financial mess(i). Qatar owners put €171m into PSG to cover pandemic losses – Inside World Football

October 15 – The Qatari owners of Paris Saint-Germain have injected another €171 million into the club to help ease the financial burden created by the global health crisis.Qatar Sports Investment (QSI), owners of the Parisian club since 2011, investe football investment d the new money at the start of the 2021/22 season, according to French media outlet Sportune. It brings the total capital put into the club by QSI to €511.5 million.The new money will help to mitigate the financial fallout of the coronavirus pandemic and the losses of the last two seasons. In the 2019/20 season, PSG’s revenue stood at €559.8 million, but the cl ub still registered a net loss of €124.2 million. For the 2020/21 season, that loss is estimated to have doubled.However, since summer fans have returned to the stadiums in the Ligue 1, which will drive match-day revenues back to pre-pandemic levels, and the LFP is hopeful that through its new commercial and media rights subsidiary, it can raise up to €1 billion to provide a lifeline for ailing French elite clubs.French club footbal soccer money management l has been i soccer investment n crisis ever since the lucrative €750 million TV righ soccer finance ts deal with Mediapro imploded. The Spanish agency paid €100 million in compensation, but the collapse left clubs cash-strapped.Contact the writer of this story at moc.l1635837510labto1635837510ofdlr1635837510owedi1635837510sni@i1635837510tnuk.1635837510ardni1635837510mas1635837510