( CNN ) -- Paris Saint-Germain 's list of honors are modest compared to the achievements of Europe 's top football clubs , but what the French side lacks in history is made up for in ambition . Since being taken over by Qatar Sports Investments in May 2011 , significant steps have been taken , on and off the pitch , to make sure PSG can challenge for major titles -- and new manager Carlo Ancelotti is under no illusions about what is expected of him . `` This club does not have a big history like Milan , like other clubs like Manchester United , like Real Madrid , like Barcelona , '' the 52-year-old , who replaced Antoine Kombouare in December , told CNN . `` The aim is to reach that kind of level . '' Formed in 1970 as a merger between Paris FC and Stade Saint-Germain , PSG 's last Ligue 1 crown -- and only second overall -- came in 1994 . Can Qatari cash make PSG a football force ? That was followed two years later by a European Cup Winners ' Cup triumph but , added to a collection of domestic knockout competition trophies , the haul falls well short of what new PSG president Nasser Al-Khelaifi expects . Ancelotti has won Europe 's top club competition as both player and coach with AC Milan , and is well aware of Al-Khelaifi 's vision for PSG and the need for him to deliver Champions League football to the Parc des Princes next season . `` His objective is very clear , '' the former Chelsea manager said . `` To build a good image of the club , to build one of the top clubs in Europe . `` He wants my experience , my knowledge to help the club and the team to improve quickly . He has a fantastic passion for football and he knows everything . '' Putting the pride back into PSG . PSG 's spending spree so far includes the signing of Argentina playmaker Javier Pastore for a record French transfer fee . The club targeted superstar David Beckham and Argentina forward Carlos Tevez in December and January but both players ended up staying at their respective teams , Los Angeles Galaxy and Manchester City . Milan striker Alexandre Pato was another to turn down PSG 's advances , but he and fellow Brazil star Kaka of Real Madrid may yet move to Paris when the transfer window reopens in July . `` In the summer I think the market will be more open , '' Ancelotti said . `` We will have more possibilities as compared to January but I think all the players can come . `` The club tried to reach an agreement with Beckham but I was not here . I was not involved in this thing and I think they were very close ; Beckham ( said he might ) come here but at the end decided to stay in Los Angeles to play with Galaxy . Cash for cups ? Qatar 's influence . `` Tevez was a different thing because Tevez 's first choice was Milan , but he had a problem with Milan . The second choice was PSG but we did n't find an agreement economical with him and we were not able to buy for this reason . '' Ancelotti 's appointment at PSG has also seen him reunited with Leonardo , who he managed in two separate spells at Milan . Leonardo also spent time working above Ancelotti at the San Siro after being appointed Milan 's technical director in 2008 . `` I have a good experience because he was my player in Milan and he was my boss in Milan at the same time . So I have a very good relationship , '' the former Italy international said . `` But I think that one of the reasons I am here is because Leonardo knows me very well and knows what kind of a job I can do , so I think when we met for the first time I think we were agreed on everything . ''
PSG coach Carlo Ancelotti says the club wants to rival Los Angeles and Real Madrid . The Italian says the club 's Qatari owners want to make PSG one of Europe 's top clubs . Tevez confident PSG can recruit top players after failing to land Ancelotti and Tevez . Former AC Milan coach glad to be reunited with his former player Ancelotti .