History
Established on 12 August 1970 after a merger between Stade Saint-Germain and Paris FC, Paris Saint-Germain Football Club have always represented both Paris and nearby Saint-Germain-en-Laye. And with so many people eager to see a big club wearing the capital's colours once again, the nascent team grew at a stunning pace early on. Top-tier status was attained within four years and by the end of the 1970s, "Les Rouge-et-Bleu" were ready to embark upon a historic decade. PSG tasted French Cup honours in 1982 and 1983, before capturing their first league crown in 1986 – breakthroughs that opened the doors to Europe and some memorable encounters, particularly with Juventus.
As significant as those successes were, however, the 1990s proved even more fruitful, with Paris Saint-Germain entering a golden age after television giants Canal+ bought the club in May 1991. Now enjoying serious investment, the capital outfit were able to set their sights steadily higher. PSG were on the move and between 1992 and 1998 they contested two UEFA Cup Winners' Cup finals – winning in 1996 – reached the UEFA Champions League semifinals once and twice advanced to the same stage of the UEFA Cup. On the domestic scene, results were just as satisfying, with PSG celebrating another League title, three French Cups, two League Cups and just as many Champions Trophy wins.
Paris Saint-Germain has never threatened to hit those same heights again. Three more trophies have been landed, interspersed with frequent crisis. PSG's form slipped to 9th in 2004–05 and 2005–06. In 2006–07, they did not impress, failing to reach either cup final and finishing 15th, just three places from relegation. Following their sale by Canal+ to Colony Capital, Butler Capital Partners and Morgan Stanley, PSG continued to lose momentum in the league eventually finishing 16th, just three points above the relegation zone. PSG nonetheless won the League Cup and reached the French Cup Final, losing to Ligue 1 champions Olympique Lyonnais. In 2008–09, PSG regained fitness and struggled for the title the most part of the season, but finished 6th and out of European action. Colony Capital then acquired all the shares of Morgan Stanley, becoming owners of 95% of the club. The 2009–10 season, became the first time in French football history that both the male and female sections of a club won both the country's national cups. PSG claimed the French Cup, while the Ladies landed the Coupe de France Féminine.
The club's fortunes promised to take a turn for the better in the summer of 2011, when it was purchased by the Qatar Investment Authority, which pledged to build a club that could win the UEFA Champions League. Paris Saint-Germain acquired numerous players over the coming months and ultimately finished in second place in the 2011-12 Ligue 1 season, setting a record for a second-place club with 79 points.
Read more about this topic: Paris Saint-Germain F.C.
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