Paris St. Germain Close to Record New Sponsorship Deal

French powerhouses, medicine Paris St. Germain are close to securing a record  €100M ($130M) annual sponsorship deal, ailment according to the AFP.

 The “enormous contract” is in advanced stages of discussion with an unknown Qatari bank, and “would most likely” be for four years. A PSG management source told AFP, “It is possible the deal has already been signed.” The Qatari bank “would like to become the jersey sponsor of PSG next season.”

It would replace Fly Emirates, whose contract runs through 2014. Emirates pays the Parisian club €3.5M ($4.6M) annually. The Qatari investors would also like the naming rights to the Parc des Princes Stadium.

PSG General Dir Jean Claude Blanc had no comment on the possible deal but said, “As a whole, the revenue lines of PSG are seeing rapid growth, and a large number of contracts are currently being discussed.” If the deal is signed, PSG “would be safe from any possible UEFA sanctions”.