PSG have reportedly signed a bumper financial deal with the Qatar Tourism Authority
Paris Saint Germain have signed a bumper financial deal with the Qatar Tourism Authority, according to reports.
Last Updated: 20/12/12 4:02pm
Le Parisien reported on Thursday morning that the club will receive 150million euros (£122million) from the QTA this season - and, retroactively, for last season - and that the figure will rise to 200million euros (£163million) by the final season of the deal in 2015-16.
The deal, which is thought to also contain bonus payments based on European performance, is not based on sponsorship of the club or naming rights for the Parc des Princes but is being viewed as a publicity campaign "to promote the image of Qatar".
If approved by the DNCG, the French body governing financial management of clubs, it will also help PSG avoid penalties under UEFA's new Financial Fair Play rules. The club have spent heavily since being taken over by Qatar Sports Investments at the start of last season.