Larger investments leading to international success

Following the takeover by Canal+ in 1991, the club's future was destined for greatness. With the new owners investing large sums of money into big-name signings such as George Weah and Raí, PSG quickly developed into one of the most dominant clubs in the country. In addition to claiming their second Ligue 1 trophy (1994), three French Cups (1993, 1995, 1998) and two League Cups (1995, 1998), PSG became the second French club to win a European trophy by defeating Rapid Wien in the 1996 Cup Winners' Cup final.

Decline

These golden years were followed up with a period of decline due to severe mismanagement and cracking under pressure in the title races. Even though the club had some Cup success during the 00s – including three French Cups and a League Cup – this period is mostly remembered for numerous crisis situations and problems with hooliganism.

New owner and new stars

Their fortunes took a turn for the better after the club was bought by Qatar Sports Investments in 2011. Led by their new star, Zlatan Ibrahimović, PSG returned to the spotlight by winning three consecutive Ligue 1 titles from 2013 to 2015. They also added to their trophy collection by claiming another French Cup in 2015 and two more League Cups in 2014 and 2015.

In 2017, a new world record transferred was made when the Brazilian star Neymar was bought from Barcelona for a €222 million fee. Another mega star, Lionel Messi, was transferred to the club in 2021, also from Barcelona.

Most champions in France

After winning the national league in the 2022-23 season, PSG became the French club with most titles (11), in front of Saint-Étienne with 10 titles. Whereas PSG has dominated the French football during the 2012, Saint-Étienne has not won the title since 1981.