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Jobs, investments ... how the PSG has become an economic powerhouse for Île-de-France

2021-06-10T14:36:21.370Z

According to a study by the Limoges Sports Law and Economics Center (CDES), the most successful club in France has had an economic impact of



This season, PSG has still not won the Champions League, its goal since the acquisition by the Qataris in 2011. Despite this failure, the capital club has developed in all sectors and especially in economic matters.

PSG has clearly become a multinational with considerable spinoffs.

The Limoges Center for Sports Law and Economics (CDES) carried out a study intended to measure its economic and social footprint.

As a result, the Île-de-France region takes full advantage of the PSG status.

During the 2018-2019 season, PSG had an impact of 182.2 million euros on the whole of Île-de-France.

A local network of partners and service providers

“It is a global club that has an economic footprint on the Ile-de-France region through a network of service providers and suppliers of around 800 companies,” says Christophe Lepetit, head of economic studies at CDES.

Some are domiciled in Île-de-France and are therefore beneficiaries of the sums paid to them by PSG.

The club also attracts international spectators or from the provinces who participate in the revenues of the PSG.

We have counted these spectators who come for the time of a match but who extend their stay by benefiting from the tourist attractions of Île-de-France.

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Beyond their growth, PSG's revenues have diversified very widely with increased sponsorship revenues, optimized match-day revenues and amplified merchandising revenues.

In a situation marked by a high unemployment rate (around 7.7% in Île-de-France), the capital club manages to create jobs directly and indirectly.

During the 2018-2019 season, PSG thus employed a total of 676 people, all entities combined.

"We know all the PSG players who are in the green rectangle, but we must also add sports educators, administrative staff ...", indicates Christophe Lepetit.

The Parisian club has 123 people in its sports staff, 152 players in all categories and 401 people in the administration of the club.

In addition, there are 1,400 indirect and induced jobs.

On match night, an average of 3,500 people attend the Parc des Princes.

The expenses incurred by the club's spectators also support a certain number of jobs in the Ile-de-France ecosystem.

On this basis, the study estimates the number of induced jobs at 1,080 over the entire 2018-2019 season.

His jobs come mainly from catering, accommodation, transport and then businesses.

The future training center, an investment

In addition to its job creation, the foundation of the PSG - which notably includes a professional integration program, operations under agreement with the City of Paris, the Yvelines department and the Île-de-France region - spends 2.4 million euros. euros, an increase of more than 300% since 2011.

The future PSG training center in Poissy (Yvelines).

DR

The economic impact is not about to run out of steam in the coming years. The club still attracts as much. And it is investing in the long term with in particular the construction of its training center in Poissy, in the west of Paris, for an amount of 350 million euros. Launched in early 2018, it must be delivered for the start of the 2023-2024 season. A thousand jobs should be mobilized during the construction phase and eventually 200 employees should work on the site including the professional team and sports staff.

“This will be an income-generating project because an activity zone will be able to be created around it thanks to work in collaboration with the city of Poissy, the Yvelines department and the Seine and Oise agglomeration. This will inevitably boost local employment, supports Christophe Lepetit. PSG always remains connected to its regional challenges. It is important to keep this territorial anchoring. "

Source: leparis

All sports articles on 2021-06-10

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