Last updated on .From the section European Football

Chelsea were the last Premier League side to win the Champions League, lifting the trophy in 2012

Premier League clubs will dominate Europe within four years if Financial Fair Play rules remain, says Paris St-Germain president Nasser Al-Khelaifi.

All four English sides in this season's Champions League failed to progress beyond the last 16.

However, Al-Khelaifi believes the Premier League's recent £5.14bn TV rights deal will give their clubs the financial clout to dominate.

"It is logic," he told BBC World Football Focus.

The financial worth of the new Premier League television deal, which runs for three years from 2016, is significantly higher than that of the French top flight, with rights to show Ligue 1 football from 2016-2020 sold last year for £515m. external-link

In 2016-17, the first season of the new Premier League deal, the champions will earn more than £150m and the club finishing bottom £99m.

Financial Fair Play (FFP) rules were introduced in 2011 to ensure clubs spent within their means, but the larger income from TV rights means Premier League sides have more flexibility than some of their European counterparts.

Arsenal, Chelsea and Manchester City were knocked out in the last 16 of this year's Champions League, while Liverpool failed to get beyond the group stage

Uefa - European football's governing body - is preparing to relax FFP regulations and Al-Khelaifi added: "We've been telling our friends in Uefa that [the current FFP rules] really are not fair, especially now with the TV rights in the Premier League.

"FFP will be there, so it's going to be difficult not only for us but for the Germans and the Spanish.

"In four years, if they don't change it, you'll find four Premier League clubs in the Champions League semi-finals."

PSG have never won the Champions League and were knocked out by Barcelona in the quarter-finals this year.

Al-Khelaifi believes the French champions can become one of the top teams in Europe and feels the club are capable of attracting world-class players such as Lionel Messi and Cristiano Ronaldo to help achieve their goals.

He added: "It is realistic [signing players like Messi and Ronaldo]; everything is possible here in our club.

"Every year, our ambition is to win the Champions League.

"We are almost there. We are already in the top eight for the last three years, which is a good sign."

Al-Khelaifi was speaking on World Football Focus on BBC World.