PSG Will Take Out a Loan to Offset Financial Losses Due to the Coronavirus Pandemic

The coronavirus pandemic has affected Paris Saint-Germain’s financial revenue. Last season, the capital club endured the hit without any assistance from the government. Nonetheless, Les Parisiens did lose €125-million for the 2019-20 season. 

However, for the 2020-21 season, it seems as though the French giants don’t want to endure another financial blow without any government assistance. According to L’Équipe (via Foot Mercato), PSG will be taking out an €80-million loan through the French State Guaranteed Loan (PGE). 

When it comes to paying back the loan, PSG can postpone the first repayment by one year, but they’ll have four years to repay the entire loan. In the 2019-20 season, the capital club had at least packed attendance for their home fixtures before the shutdown. 

This season, there have been barely any supporters at the Parc des Princes, so Les Parisiens are taking a bigger hit at the ticket offices. As a result, the French media outlet reports that PSG faces a deficit estimated to be over €204-million at the end of the season. 

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Tags Nasser Al-Khelaifi PSG