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Coronavirus: PSG deprived of a (large) part of the income of its main sponsor?

2020-04-03T20:27:34.648Z


Main sponsor of PSG, the Accor hotel group may not pay the second annual payment.


What if Accor does not pay the full amount due to PSG? This is the hypothesis raised this Friday, on BFM TV , by the CEO of the hotel group, main sponsor of the Parisian club, Sébastien Bazin. “Our payments are made in two installments. On January 1, it was paid. For July 1, the championship must be resumed. Otherwise, it will probably not be paid, ”assures Mr. Bazin.

» READ ALSO - UEFA threatens to exclude clubs whose championships will not end

Majority shareholder of Paris Saint-Germain at the time of Colony Capital (2006-11), and even chairman for a few months in 2009, after the departure of Charles Villeneuve, the interested party is nevertheless confident about the resumption of the 2019 season- 20. In which case, all payments would be honored. "Sponsors cannot give money if there is no visibility," explains Sébastien Bazin. And to add, more generally and beyond the case of PSG, about the Accor group and the health crisis that led it to (temporarily) close two-thirds of its 5,000 hotels worldwide: "C ' is very painful, very hard, very sudden, very painful to live with, but you have to be very lucid. ”

A shortfall of 25 to 40 million euros?

Lucidity and "drastic measures" in the ranks of the hotel giant which could therefore also apply to Paris Saint-Germain. A very concrete case of the consequences awaiting Ligue 1 clubs in the face of this unprecedented crisis… Let us recall that ALL (Accor Live Limitless), lifestyle loyalty program of the Accor group, became a major partner and sponsor of the club's official jersey at the end from last season.

» READ ALSO - Like Mbappé, Neymar makes a substantial donation to fight against the coronavirus

An XXL contract which should allow Paris-SG to pocket between 50 and 80 million euros per year according to sources, as reported by RMC Sport . Or a potential shortfall of 25 to 40 M €! Even if the Financial Fair Play (FPF) is to relax next season, it is not nothing ... Our colleagues specify however that a possible non-payment by unilateral decision is not provided for in the contract and should , if necessary, be the subject of discussion between the two parties. Discussions which one can easily imagine that they would be animated… "There are insurance for Accor", specifies the radio station again. Remember that the competitions, national and European, are suspended until further notice. With the hope of relaunching them as soon as possible, even if some voices are raised asking for the definitive end of the exercise…

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Source: lefigaro

All sports articles on 2020-04-03

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