As of the 2019–20 season, Paris Saint-Germain have the seventh-highest revenue in the footballing world with an annual turnover of €541m according to Deloitte, and are the world's 11th-most valuable football club worth $1.092bn, according to "Forbes" magazine. PSG's strong financial position has been sustained by the club's lucrative sponsorship deals with several commercial partners, including the Qatar Tourism Authority (QTA), Nike and ALL. Throughout their history, though, PSG has rarely been profitable. Prior to the Qatar buyout, the club's cumulative losses between 1998 and 2010 amounted to €300 million.