France’s most successful soccer team could relocate to the country’s biggest stadium.
Paris Saint-Germain said Friday that it would submit a bid for the 80,000-capacity Stade de France.
The Ligue 1 champions are at a standstill with the Parisian government over their current home, Parc des Princes. The team, owned by the state-run Qatar Sports Investments, has said that it wants to invest $540 million in renovations but will only do so if it owns the venue.
Paris mayor Anne Hidalgo replied that Parc des Princes — where PSG has played since 1974 — is not for sale.
The opposite appears to be the case for Stade de France, which is owned by the national government. The stadium could be valued between $426.9 million and $640.4 million, per Le Figaro.
The venue hosted the 1998 World Cup final and three Champions League finals since 2000.
However, there will likely be competition from FIFA, which has explored purchasing the stadium. The French government will reportedly be open to proposals starting on Monday.
Stade de France’s lease is held in a consortium of French industrial companies Vinci and Bouygues. A stadium buyout would likely only become official after 2025.
