PSG to leave Parc des Princes after Qatari backed club are blocked from buying stadium by Paris mayor... with four options for a new home on the table for the French giants

Paris St Germain will leave the Parc des Princes after the City confirmed the stadium was not for sale, club president Nasser Al-Khelaifi said on Thursday.

'It's too easy to say now that the stadium is not for sale anymore. We know what we want, we wasted years to try and buy it. It's easier for us now, we know what we want. It's over for us. We want to move out of the Parc,' Al-Khelaifi told reporters at a UEFA Congress. 

The move comes as the French giants prepare to lose Kylian Mbappe to Real Madrid when his contract expires in the summer. 

PSG said last year that they would explore alternatives after Paris mayor Anne Hidalgo said the stadium was not for sale - a position that City Hall confirmed on Tuesday.

'A sale is not desirable, because that would be a decision with no turning back... That's why we have to rule out the sale of the Parc today. We don't want to sell off Paris' legacy,' Paris deputy mayor for sports Pierre Rabadan.

The Parc des Princes has been home to PSG since 1974, four years after the club was founded.

The club owned by cash-rich Qatari backer QSI wanted to stay and own the stadium but, following eight years of discussions, will have to look elsewhere after the Paris city council voted to confirm the Parc des Princes will not be sold.

In January, PSG said it had invested more than 85 million euros ($92 million) in stadium maintenance costs. 

At the time, PSG said it was committed to investing a further 500 million euros in renovations in order to compete with other clubs at the highest level in Europe.

The club will instead focus on finding a new home. The club did not give a deadline for its departure.

90min.com claims PSG are now scouring the area for a new stadium.

And there are no less than three options on the table.

The first option is the 20,000-capacity Stade Jean-Bouin, also owned by the City of Paris, located near the Parc des Princes.

It currently holds PSG’s women’s team while playing host to rugby and American football matches too.

A second option could be the government-owned 20,000 seater Stade Sebastien Charlety. It is currently the home of minnows Paris FC, but PSG would knock it down before building a new venue holding up to 75,000 fans.

The third site is the 30,000-seater Paris La Defense Arena, home of rugby side Racing 92. They are set to return to their renovated Yves-Du-Manoir stadium after the Olympic Games.

PSG could also consider building a brand new stadium by their training camp in Poissy. But that would pose logistical problems, as it is based 15.5miles from the centre of Paris.