Like practically every other football club in Europe and around the world, Paris Saint-Germain expects to take a significant hit financially due to the coronavirus.
Some estimates put the loss at around €200 million when you combine loss of matchday revenue, media rights, and partnership agreements that couldn’t be honored.
Unlike many clubs, though, PSG may have a way to reverse some of the damage caused by the pandemic.
According to L’Equipe, the Ligue 1 champions are in negotiations with Oracle, which actually began before the coronavirus outbreak.
Oracle is headquartered in Redwood Shores, California, and if a deal were to be completed, the company would become PSG’s first IT partner.
No figures were mentioned in the report from the French publication but considering Oracle is one of the largest tech companies in the world with a market value of $167 billion and $10.8 billion in profits, I have a feeling PSG will recoup some of their losses from the coronavirus crisis very quickly.
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