PSG president shown red card

2nd May 2005, Comments 0 comments

PARIS, May 2 (AFP) - Paris St Germain president Francis Graille was axed by the club's owners, cable TV firm Canal Plus, they announced on Monday.

PARIS, May 2 (AFP) - Paris St Germain president Francis Graille was axed by the club's owners, cable TV firm Canal Plus, they announced on Monday.  

Canal Plus axed Graille after two years at the helm of the club which saw them qualify for the Champions League for this season but suffered a disastrous first-half of the campaign domestically and in Europe.  

It led to the sacking of coach Vahid Halilhodzic in February with the club hovering above the relegation zone.  

Under new coach Laurent Fournier the club have climbed to seventh in the table.  

But Graille's failure to buy out Canal Plus, one of the conditions when he was made president, led to his dismissal.  

Pierre Blayau, former chief executive of electrical goods maker Moulinex and currently head of transport firm Geodis, is their choice as his replacement.  

"Canal Plus put an end to Francis Graille's spell as head of PSG," said a statement from Canal Plus, who have been the largest shareholders in the Parisian club for 14 years and presently own 98.5 percent of the shares.  

"The company did not agree with the plans laid out by Francis Graille, who wanted to become a shareholder in PSG.  

"The company would like to thank Francis Graille for all his work while at the helm of PSG.  

"Canal Plus are to propose on Monday to the board of PSG a new team of directors with Pierre Blayau as president, whose priorities will be preparing for next season.  

"Canal Plus also intends to continue to assume its responsibilities with regards to the club and to give it a new freshness."

© AFP

Subject: French News

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