Legends Hospitality, a company responsible for looking for a new stadium at PSG, specializes in the operation of sports venues. FRANCK FIFE / AFP
In conflict with the town hall of Paris over the Parc des Princes, which it would like to own, the Parisian club has hired the American company Legends Hospitality for alternatives.
Paris Saint-Germain, in conflict with the town hall of Paris for the purchase of the Parc des Princes, has mandated the American company Legends Hospitality to study the possibilities of a new stadium, we learned on Tuesday from a source close to the file, confirming information from The Team.
The company must in particular carry out a market study, according to the sports daily. The football club owned by Qatar Sports Investments and the municipality are in deep disagreement over the management of the club’s historic premises and clash in particular on the media field.
The club assures that it does not want to invest in the renovation and expansion of the stadium if it does not become its owner and plans to find refuge elsewhere.
Among the hypotheses that have circulated is the construction of a new stadium on the site of the Saint-Cloud racecourse. But building ex nihilo could take ten years.
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Tottenham, Liverpool and Real among former clients
For its part, the town hall repeats that it is no longer a seller, after having assured that the purchase price proposed by PSG was ridiculous, around forty million euros against an initially hoped price of around 350 M EUR, according to different sources which do not all give the same figures.
Legends Hospitality is a member of the Sixth Street investment fund and specializes in the operation of sports venues.
Read also“The Parc des Princes does not belong to Qatar”: the Paris City Hall maintains its position vis-à-vis PSG
In the United States, this company manages the Sofi Stadium in Los Angeles (Rams and Chargers in the NFL), the AT&T Stadium in Dallas (Cowboys), the Allegiant Stadium in Las Vegas (Raiders), and even the Los Angeles Galaxy.
Legends Hospitality was created by the US football teams (NFL) New York Yankees and the Dallas Cowboys and 51% of its shares were bought by the Sixth Street investment fund in early 2021.
In Europe, the company has worked with Tottenham and Liverpool and is responsible for part of the operation of Real Madrid’s Santiago-Bernabéu stadium for twenty years.
