PSG

In the summer of 1970, an ambitious group of businessmen decided to create a major team in the French capital. Guy Crescent and Pierre-Étienne Guyot chose to merge their virtual side, Paris FC, created in 1969, with Stade Saint-Germain of Henri Patrelle after the team from Saint-Germain-en-Laye, 15 km west of Paris and founded in 1904, won promotion to Division 2. However, the three men were stuck with the financial feasibility of the project until they met Real Madrid president Santiago Bernabéu. He told them that starting a crowdfunding campaign was the best solution to establish a new team. 20,000 people backed the project and Paris Saint-Germain were formed on 17 June 1970. Guyot was elected the club's first president a few days later. For the first time in French football history, the fans had financially contributed in the making of a club. The merger was made official following the creation of the club's association on 12 August 1970. PSG retains this day as their foundation date.

Paris FC contributed with the financial backing, while Stade Saint-Germain provided the sporting infrastructure, from the Division 2 status to the Camp des Loges training center, as well as the manager Pierre Phelipon and most of the players, including Bernard Guignedoux, Michel Prost and Camille Choquier. PSG further strengthened their squad with the signing of Jean Djorkaeff, captain of the French national team. PSG's first official game was a 1–1 league draw away to Poitiers on 23 August 1970. Guignedoux scored the club's first ever goal from a free-kick. The club went on to clinch promotion to Division 1 and claim the Division 2 title in its inaugural season.

PSG's first top-flight season ended with a safe 16th place, meaning they would stay in Division 1 next year, but behind the scenes the club was in a delicate financial situation. Back in September 1971, the Paris City Council offered 850k francs to pay the club's debt and save its place in the elite, demanding PSG in return to adopt the more Parisian name "Paris Football Club." Crescent, who had replaced Guyot as club president before the start of the season, was in favor of the name change, but Patrelle was against it. The disagreement led to Crescent's resignation in December 1971, handing the presidency to Patrelle. The latter tried to persuade the council to reconsider their position, but they remained inflexible and the club split on 1 June 1972, a few days after the last match of the campaign. Backed by the council, Crescent re-formed Paris FC and remained in Division 1, while the PSG of Patrelle were administratively relegated to Division 3, thus losing professional status.

Paris Saint-Germain really took flight with the arrival of fashion designer Daniel Hechter as chairman of the management committee in June 1973. Besides offering his financial support to the club, he also designed the team's classic home outfit. Hechter then shocked the national game ahead of 1973–74 by appointing French legend Just Fontaine as sporting director.

Robert Vicot's men finished second in Group B, four points behind Red Star, qualifying for the promotion play–offs against Valenciennes. PSG lost 1–2 away to Valenciennes, but PSG recorded an incredible 4–2 comeback at the Parc des Princes, thus achieving promotion to Division 1 and regaining its professional status abandoned two years earlier. Overwhelmed by emotion, Fontaine collapsed on the lawn and was then carried by the players in celebration. Since then, PSG have always played in the first tier of French football.

PSG played their first game at the Parc des Princes during this campaign. It was against fellow Parisian side Red Star on 10 November 1973. PSG won 3–1 and Othniel Dossevi scored the club's first goal at the stadium. The Parisians also began their tradition of brilliant Coupe de France runs, reaching the quarterfinals after beating Metz at the Parc in front of 25,000 spectators (2–1; 4–1 on aggregate).

In an ironic turn of events, Paris FC were relegated to Division 2 at the same time as Paris Saint-Germain moved up to the top flight in 1974, leaving their home stadium, the Parc des Princes, in the hands of their estranged Parisian brothers. Since then, the Parc has been the home of PSG. With promotion to Division 1 also came a change of command. Daniel Hechter, then chairman of the management committee, took over as club president in June 1974 following the resignation of Patrelle. He named Francis Borelli as vice-president.

Under Hechter's tenure, the Parisians failed to win any silverware in the 1970s but began their tradition of brilliant Coupe de France runs, established themselves in Division 1, and attracted several prestigious players, including Jean-Pierre Dogliani, Mustapha Dahleb and Carlos Bianchi. After Hechter was banned for life from football by the French Football Federation in January 1978, for running a ticketing scheme at the Parc des Princes, Francis Borelli, who had been vice-president until then, became the new boss of the Île-de-France club.

Following the arrival of manager Georges Peyroche in November 1979, the club established itself as a top-half team and then welcomed its first major honour when the Parisians reached their first French Cup final in 1982. Up against the great Saint-Étienne of Michel Platini at the Parc des Princes, Nambatingue Toko opened the scoring for PSG following a good cross from Ivica Šurjak. Saint-Étienne reacted and Platini equalized to send the game to extra-time. Platini then doubled his personal account, giving the Greens the lead. The Parc des Princes faithful no longer believed in their team when Dominique Rocheteau, after yet another assist from Šurjak, scored an unexpected equalizer in the last seconds of the match. PSG fans invaded the field in joy, while club president Francis Borelli kneeled and kissed the lawn of the Parc. Following an interruption of 30 minutes, the penalty shootout sealed PSG's coronation. Dominique Baratelli stopped Saint-Étienne's last attempt and Jean-Marc Pilorget scored the winning penalty for the capital side. This success opened the doors to Europe, where PSG made an impressive continental debut in reaching the quarterfinals of the 1982–83 European Cup Winners' Cup.

On the domestic scene, results were just as satisfying. PSG captured their first podium finish, coming in third place, and repeated the feat in the 1983 Coupe de France Final, this time against Nantes. Recently crowned French champions, the Canaries were headed for the league-cup double, leading at the break after overturning Pascal Zaremba's early strike. But PSG managed their own comeback in the second half as Sušić equalized and then assisted Toko for the winning goal (3–2). The campaign ended on a sad note, though, as Georges Peyroche left the club.

Three years later, under the guidance of manager Gérard Houllier, PSG claimed their maiden league crown in 1985–86. They dominated the championship from start to finish thanks in big part to the likes of Joël Bats, Dominique Bathenay, Luis Fernandez, Dominique Rocheteau and Safet Sušić, all of whom made up the backbone of the team. The victory away to Toulouse on Matchday 3 meant PSG sat at the top of the table for the first time ever, a spot they never relinquished, going a memorable 26 matches without defeat towards the title.

The follow-up to the league title was not as glorious though. Defending champions PSG finished the league in seventh place, suffered an early exit from the French Cup and were knocked out by Czech minnows Vítkovice in the first round of a disappointing European Cup debut. The following year, PSG avoided relegation on the final match of the 1987–88 season thanks to a dramatic 0–1 win away to Le Havre. Highly indebted, the club briefly bounced back, fighting for the 1988–89 league crown with Marseille, before going into decline.

The takeover by television giants Canal+ in 1991 revitalised Paris Saint-Germain as they became one of the richest clubs in France. Canal+ wiped out PSG's huge debt and appointed Michel Denisot, journalist on the channel, as club president in place of Francis Borelli. Now enjoying serious investment, the Red and Blues were able to set their sights steadily higher: they had to qualify for European competitions in their first season and become French champions within three years. In consequence, Canal+ increased the club's budget from 90 to 120 million francs in order to build a strong squad for the 1991–92 season. The revolution began with the appointment of renowned coach Artur Jorge, famous for leading Porto to the 1986–87 European Cup trophy. The club then embarked on a spending spree, signing Brazilian stars Ricardo and Valdo as well as proven French players Paul Le Guen, Laurent Fournier, Patrick Colleter and prolific Liberian striker George Weah.

The 1992–93 season also marked the beginning of Le Classique, the rivalry between Paris Saint-Germain and Marseille, as both teams battled each other on the field for the 1992–93 French Division 1 crown. PSG finished runners-up after losing both games against Marseille. In the second match between the two clubs, only three days after winning the 1992–93 UEFA Champions League, league leaders Marseille welcomed closest challengers PSG in a match that would determine the title. After Marseille won their fifth consecutive championship, Bernard Tapie and Marseille were found guilty of match-fixing, in what became known as the French football bribery scandal. The French Football Federation stripped Marseille of their title and offered it to second-placed PSG, who refused it because club owners Canal+ thought that claiming the trophy would anger their subscribers back in Marseille. As a result, the 1992–93 title remained unattributed, with Canal+ even refused letting the capital club participate in next year's UEFA Champions League after UEFA excluded Marseille from the competition. Instead, Monaco, who finish third in Ligue 1 took the Champions League spot instead.

Considered the club's golden era, the Parisians won nine trophies and reached five consecutive European semi-finals during the 1990s, including their first UEFA Champions League last-four appearance and two at the same stage of the UEFA Cup. PSG's crowning glory came in the 1996 UEFA Cup Winners' Cup Final with legend Luis Fernandez now as coach. Bruno Ngotty scored the only goal of the match to defeat Rapid Wien and make Paris the second French club to ever clinch a major European tournament and the youngest club in history to win a European title at 26 years of existence. The following season, PSG finished runners-up in the 1996 UEFA Super Cup and 1997 UEFA Cup Winners' Cup Final. On the domestic scene, results were just as satisfying, with Paris celebrating a second league title, three French Cups, two French League Cups and just as many French Super Cup wins.

PSG then went into decline following years of mismanagement. In the summer 2000, PSG spent heavily on new players signing Nicolas Anelka, Peter Luccin and Stéphane Dalmat as part of the "PSG Banlieue" project of its shareholder Canal+, with the goal of winning Ligue 1 and performing a solid UEFA Champions League campaign but it was a failure. In 2003, the club faced a massive financial loss with a deficit of €65 million, leading Canal+ to fire Luis Fernandez as coach and Laurent Perpère as president and replacing them with Vahid Halilhodžić, who became the new coach and Francis Graille the new president. The club's form dwindled as they slipped further down the table and eventually, a split from owners Canal+ became inevitable.

At the start of the 21st century, PSG struggled to rescale the heights despite the magic of Ronaldinho and the goals of Pauleta. Five more trophies arrived in the form of three French Cups (including one against Le Classique arch-rivals Marseille in 2006), one French League Cup and one UEFA Intertoto Cup, but the club became better known for lurching from one high-profile crisis to another.

The French premium television channel sold the club to Colony Capital in 2006. The situation, however, only got worse and PSG spent the 2006–07 and 2007–08 campaigns staving off relegations. The latter was the most dramatic. Marred by poor results and fan violence, Paris avoided the drop on the final match after a 2–1 win at Sochaux. The hero was Ivorian striker Amara Diané who scored both goals that night. Despite not enjoying the star status of other current or past PSG greats, Diané is still considered a legend by most Parisian fans.

After two years of solid progress and stability under the stewardship of manager Antoine Kombouaré and president Robin Leproux, the fortunes of Paris Saint-Germain changed dramatically when Qatar Sports Investments (QSI) purchased the club in 2011. The takeover made PSG not only the richest club in France but one of the wealthiest in the world. Club president Nasser Al-Khelaifi pledged to form a team capable of winning the UEFA Champions League and making the club France's biggest name.

Club legend Leonardo was brought back in as sporting director and oversaw a spending spree in summer 2011 that has so far been unprecedented in Ligue 1 history, including the signings of Blaise Matuidi, Salvatore Sirigu, Maxwell, Kevin Gameiro and Javier Pastore. As a result, the Parisians have dominated French football, despite finishing behind Montpellier in 2011–12, the elusive league crown was finally brought back to Paris in 2012–13 driven by star player Zlatan Ibrahimović, team captain Thiago Silva and manager Carlo Ancelotti. During the season, ahead of the winter transfer deadline it was announced that David Beckham signed a five-month deal with the club. Ibrahimović's 30-goal haul helped the capital side to its first Ligue 1 title in 19 years, and third overall. They also became a regular in the knockout stages of the Champions League, being eliminated from the UEFA Champions League on away goals by Barcelona in the quarter-finals after drawing both games. Big money signings continued with the arrivals of Edinson Cavani in 2013 for a league record of €64 million, making it the sixth largest transfer in history and David Luiz in 2014 for a £50 million transfer fee, a world-record transfer for a defender. Despite the departure of Ancelotti, PSG kept its winning ways under Laurent Blanc. The club secured a maiden domestic treble (Ligue 1, Coupe de la Ligue and Trophée des Champions) in the 2013–14 season, before claiming an unprecedented national quadruple (Ligue 1, Coupe de France, Coupe de la Ligue and Trophée des Champions) twice in a row in 2014–15 and 2015–16, winning the latter with a record-breaking 96 points, becoming the only first French men's team to achieve that feat.

Fresh from three consecutive UEFA Europa League titles with Sevilla, Unai Emery was hired by PSG for his European pedigree. But with star player Ibrahimović gone, the club endured a disappointing 2016–17 season. Paris were pipped to the Ligue 1 title by Monaco, missing out on top spot for the first time in five years. Meanwhile, in the Champions League, the club suffered several disappointing nights, including "La Remontada" ("The Comeback") against Barcelona, losing 6–1 in the second leg of the round of sixteen, despite winning the first leg in France by a score of 4–0.

In response, PSG signed Neymar for a world-record fee of €222 million and French prodigy Kylian Mbappé on an initial loan, which was made permanent in 2018 in a transfer worth €180 million plus add-ons, making him both the second-most expensive player and most expensive teenager. The capital club reclaimed the Ligue 1 title and also won the Trophée des Champions, the Coupe de la Ligue and the Coupe de France, clinching the domestic quadruple for the third time in four seasons. Despite their massive expenditure, in the Champions League, PSG lost to Real Madrid in the round of 16, leading Unai Emery to leave the club at the end of the season.

In May 2018, Thomas Tuchel signed a two-year contract with PSG. Paris Saint-Germain again fell in the Champions League round of 16 in 2018–19, suffering a shock 3–1 defeat at home to Manchester United after winning the first leg 2–0 at Old Trafford. This season, they also won the Ligue 1 for the 8th time in their history, but lost in the Coupe de France Final against Rennes. PSG were eliminated from the Coupe de la Ligue in embarrassing fashion, as they lost 2–1 at home to Guingamp in the quarterfinals. In the 2019–20 season, PSG won the Ligue 1 for the 9th time in their history, despite the season ending prematurely due to the COVID-19 pandemic, and also reclaimed the Coupe de France defeating Saint-Étienne in the final and won the last-ever Coupe de la Ligue defeating Lyon in a penalty shootout. In the 2019–20 UEFA Champions League, PSG reached the semi-finals for the second time since 1995, after a last minute 2–1 win over Atalanta, before losing to Bayern Munich 1–0 in the final in Lisbon, with former PSG player Kingsley Coman scoring the only goal.

Tuchel's tenure at Paris Saint-Germain was marred by a fractured relationship with the club's hierarchy, leading him to be dismissed on 24 December, despite placing top of their Champions League group. On 2 January 2021, former PSG player Mauricio Pochettino was appointed as the new head coach. PSG's good form in the Champions League continued in 2021 with a second consecutive semi-final appearance, a first for the club. Domestically, PSG won the Coupe de France, but failed to retain the Ligue 1 title, finishing one point behind Lille, losing the league for the second time in four years.

During the 2021 summer transfer season, PSG completed one of the most historic transfer windows in football history, exercising the option to buy Danilo Pereira and signing Achraf Hakimi from Inter Milan for a reported fee of €60 million. In addition, the club registered the free transfers of Georginio Wijnaldum, Sergio Ramos, and Gianluigi Donnarumma. PSG concluded their transfer window with the signing of one of the greatest players of all time and record Ballon d'Or winner Lionel Messi, who unexpectedly left Barcelona following the expiration of his contract, and promising defender Nuno Mendes on an initial loan, which was made permanent in 2022. Later in the season, PSG went on to reclaim the Ligue 1 title for the record 10th time, but fell short in the Champions League at the hands of Real Madrid in the round of 16, a tie amplified by the uncertainty surrounding Kylian Mbappé's future. However, on 21 May 2022, Mbappé extended his contract with PSG until 2025, despite speculations of a possible transfer to Real Madrid, which prompted La Liga officials to file a complaint to UEFA regarding accumulating losses of PSG in the previous years.

Unsatisfied with the club direction and lack of European success club president Nasser Al-Khelaifi promised changes heading into next season and stated the team would not win the UEFA Champions League as currently constructed. Changes were needed at the club on a very deep level and as such during the pre season for the 2022–23 season the club embarked on an ambitious rebuild. This began with the hiring of transfer market expert Luís Campos who made his name at Monaco first and then Lille. A change in club ethos was noted, and was followed by the sacking of first team coach Pochettino, while an announcement for the hiring of Christophe Galtier was made in quick succession. A busy pre-season followed with signings of Nuno Mendes, Vitinha, Hugo Ekitike and Nordi Mukiele. Eleven players were put on the transfer list as Galtier looked to reduce the squad size. After a single season, Galtier was replaced with Luis Enrique as head coach before the 2023–24 season