Paris Saint-Germain (PSG) is reportedly eyeing Nigerian striker Victor Osimhen as a potential replacement for Kylian Mbappe, who is the subject of intense transfer speculation. As negotiations swirl around Mbappe’s future, PSG is exploring options to bolster its attacking lineup, with Osimhen emerging as a prime target.
The French club’s interest in Osimhen comes amidst financial updates revealing significant shifts in their fiscal landscape. Finance costs surged by a staggering 123 percent to N1.54 billion from N690.27 million, primarily attributed to increased interest on a loan amounting to N1.40 billion. This surge in finance costs underscores the financial complexities PSG is navigating amid their pursuit of new talent.
Conversely, finance income experienced a decline to N39.7 million from N41.04 million, reflecting fluctuations in PSG’s financial performance. Despite these fluctuations, total assets witnessed a notable increase of 13 percent, reaching N60.96 billion from N53.99 billion. This uptick in total assets suggests PSG’s ongoing investment in player recruitment and infrastructure development.
However, operational cash flow took a negative turn, with net cash generated from operating activities plunging to a negative N2.12 billion compared to a positive N1.65 billion previously. This negative operational cash flow signals potential challenges in PSG’s day-to-day financial operations.
Furthermore, investing activities saw an increase in net cash used, rising to a negative N1.19 billion from a negative N0.844 million, indicating heightened investment in strategic initiatives or acquisitions.
In contrast, financing activities yielded a significant increase in net cash generated, surging to N10.44 billion from N4.72 billion. This substantial increase in net cash from financing activities suggests PSG’s successful fundraising efforts or strategic financial maneuvers to support their transfer pursuits.
Amidst these financial dynamics, PSG’s cash and cash equivalents dwindled to N6.89 billion from N10.75 billion, signaling potential liquidity challenges or intensified investment outflows.
As PSG navigates both financial complexities and transfer negotiations, the club’s pursuit of Osimhen underscores their commitment to securing top-tier talent and maintaining their competitive edge in domestic and international competitions.
