French PSG announces club-record $706 mn REVENUE FOR Last fiscal
PARIS: Paris Saint-germain announced record revenue of 637.8 million euros ( $706 million) for the 2018-19 fiscal year on Wednesday, confirming their status as one of the world’s richest clubs.
It represents an increase of 17.7 percent on previous revenue of 541.7 million euros, which saw them ranked the sixth-richest football club in 2018.
However the money generated still falls well short of that by Barcelona and Real Madrid, who topped last year’s Deloitte Football Money League.
Barcelona expect to record revenues of more than one billion euros this season, becoming the first football club to pass the mark, while Real Madrid posted operating revenue of 757.3 million euros for 2018-19.
PSG signed a new shirt sponsorship deal with the French multinational Accor in February.
They also agreed a new and improved agreement with US
Barcelona expect to record revenues of more than €1 billion this season, becoming first football club to pass the mark
sportswear giant Nike in June that runs until 2032.
The French champions have been under scrutiny from European football’s governing body UEFA after splashing out more than 400 million euros in 2017 to sign Brazil star Neymar and Kylian Mbappe.
But in March, the Court of Arbitration for Sport backed the Ligue 1 club against UEFA.
CAS upheld PSG’S appeal against a decision by UEFA to reopen a probe into the club’s compliance with FFP regulations. UEFA had originally cleared PSG of wrongdoing.
ROME: Italian club Lazio have a deeply rooted stereotype that their fans are overwhelmingly right-wing but a group of supporters have mobilised themselves to build a new “Laziale and Anti-fascist” (LAF) identity.
The emblematic eagle of the Stadio Olimpico side, also the symbol of the fascist party of Benito Mussolini, under the slogan “Love Lazio, Fight Fascism” is one of the stickers printed by LAF.
Created in 2011 (LAF) aims to “destroy the stereotype of the Fascist Laziale in Italy and throughout the world,” one of the administrators of the group’s Facebook page told AFP, on condition of anonymity.
LAF claims it has several thousand followers, several hundred active members, and says it pursues a two-fold aim: “to erase from the name of Lazio any infamous political label” and “to prevent neo-fascist movements from continuing to use the Curva Nord (North Stand) from indoctrinating young people who have entered the stadium
Lazio fans distribute ‘Fight Facism’ stickers
only to support Lazio”.
But doing so will be difficult as the Roman club has regularly been sanctioned for the political excesses of some of its supporters. On Thursday, Lazio will host Celtic in the Europa League, a fixture for which local authorities have imposed exceptional security measures.
The Curva Nord will also be closed as punishment for fascist salutes by a section of the crowd during a match against French club Rennes. In the reverse fixture in Scotland, travelling
fans were filmed making fascist raised-arm salutes in Glasgow city centre. They were greeted at Parkhead by a banner from Celtic supporters with an image of Mussolini hanging by his feet and the message “Follow Your Leader”.
In April in Milan, Lazio supporters paid tribute to the dictator with a flag saying “Honour to Benito Mussolini” at Piazzale Loreto, where his body was exposed and then hung upside down after his execution 1945.