Financial Fair Play: Paris St-Germain to meet Uefa amid claims rules were broken

Latest news

    PSG are top of Ligue 1 but were knocked out of the Champions League last 16 by Real Madrid

    Paris St-Germain are to meet with Uefa amid reports of evidence that the club has broken Financial Fair Play (FFP) rules.

    A report in the Financial Times states a preliminary investigation shows PSG were paid significantly more than the fair market value in sponsorship deals worth about 200m euros (£174.3m).

    Uefa opened an investigation into PSG’s spending in September.

    Last summer PSG broke the world record transfer fee when they signed Neymar.

    The Brazil forward arrived from Barcelona for 222m euros (£200m) in August – more than double the previous transfer record.

    The French club also signed Kylian Mbappe on loan from Monaco in deal that is set to be made permanent for £165.7m at the end of this season.

    After their major summer signings PSG were accused of “financial doping” by La Liga president Javier Tebas.

    The club have been owned by the Gulf state of Qatar, via its Qatar Sports Investments fund, since 2011.

    They were punished for breaking FFP rules in 2014. A sponsorship deal with the Qatar Tourism Authority was deemed to have an unfair value by Uefa’s independent investigation panel.

    European football’s governing body Uefa introduced FFP ‘break-even’ rules in 2013, requiring clubs to balance their spending with their revenue.

    PSG will meet Uefa’s club financial control body on 20 April.

    However, several such meetings have already taken place, and no decision on whether any rules have been broken will be made on that day.

    It is expected any decision on PSG’s case will be made by Uefa in early June.

    View the original article: http://www.bbc.co.uk/sport/football/43730899

    http://www.bbc.co.uk/sport/football/43730899

    In the same category are

    Helsinki summit: Trump says no reason for Russia to meddle Image copyright EPA Image caption The two leaders held talks accompanied only by translators US President Donald Trump has defended Russia over cl...
    Brexit: How would a second EU referendum be held? A former Conservative cabinet minister has called for a second Brexit referendum. Writing in the Times, Justine Greening, who used to be education s...
    World Bodypainting Festival: Models transformed into amazing artworks Austria has held its 21st World Bodypainting Festival in the city of Klagenfurt.Artists painted the bodies of models, creating spectacular results. He...
    Spice taskforce in Wrexham ‘saved my life’ Image caption The programme has targeted 20 of the most vulnerable Spice users in Wrexham Steve Williams couldn't remember what a "clean" life was...
    Wimbledon 2018: Lookalikes, champions’ delight & best Wimbledon funnies Watch the weird and wonderful moments from this year's Wimbledon, featuring a Johnny Deep lookalike, celebrities galore and a masterclass from Novak D...
    Birmingham blogger ‘fat shamed by Instagram troll’ Image copyright Emma Conway/Instagram Image caption Emma Conway wants to empower women about their weight A blogger has been "fat shamed" by an In...

    Leave a comment

    Your email address will not be published. Required fields are marked *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.