I also don't really understand the clubs owned by Middle Eastern businessmen, as if they don't have unlimited money, they continue to recruit star players at fantastic prices, then just let them go. PSG is a team that is quite wasteful almost approaching the competition season, and one more thing PSG is a club that damages market prices, because PSG always makes big offers when they are targeting the players they want. However, if we talk about profits and achievements, yes it can be said that they are a big club with minimal achievements, apart from achievements in the domestic league.
and in my opinion for now, PSG is still not satisfied with the depth of the squad they have, because the players they have have not given satisfactory results, especially in the European arena, where PSG is threatened with being eliminated early in the qualifying round. In addition, after the main star left, their popularity slowly decreased, so for this season they not only have to find players with the best quality, but the players must also have quite high popularity. so let's see, who will be recruited by PSG this summer
They don't have unlimited money, but relative to what they have it is not a big problem for them to spend billions over a couple of years. It impacts peoples' perception of Qatar as a country and thereby they increase their options to build out business abroad. I don't know how much they now spent in total, but I think for transfers it is somewhere around 1.5 billion euros and 0.5 billion euros they made from player sales over a period of 10 years. When you now calculate the total value of PSG (the sources are very different about that number), and then deduct what they have paid and what they have gained over the years, it was a good deal.
They bought the club because as Todd Boehly said about Chelsea, they are looking forward to the sports market becoming bigger and bigger. The money involved is increasing and while it looks so weird when PSG spends these enormous sums of money on transfers and salaries, it does pay off for them. Consider the relationship between the Qatar guys and the French government because of themn being the owners of PSG. There are reasons and it is not like they are losing money all the time.
Maybe they consider it a hobby to a certain degree, but the priority is about networking and a presence among ordinary people.
I think QSI once bought the club for 100 million dollars and promised to continue financing the club. But if they had to sell it today, I think they would make serious gains.