PSG face UEFA sanctions

AFP, PARIS: Free-spending French giants Paris Saint-Germain are set to face UEFA sanctions for breaches of Financial Fair Play (FFP), according to a report by the British Financial Times on Wednesday that claims PSG “overstated” sponsorship contracts to the tune of 200 million euros.

Bankrolled by Qatari owners, PSG smashed the world transfer record by signing Brazilian star Neymar for 222 million euros ($264 million) in August and committed to completing another 180 million-euro deal for French teenage sensation Kylian Mbappe this summer when agreeing a one-year loan deal from Monaco a few weeks later.

Introduced by European football’s governing body in 2010, FFP limits clubs to making losses of no more than 30 million euros over three seasons.

PSG issued a response to the report in a statement on Wednesday evening in which they hit out at “erroneous information... directed against the club in the British media”.

UEFA opened an investigation into PSG’s compliance with FFP just weeks after the deals for Neymar and Mbappe were completed.

PSG have already fallen foul of FFP. The club were fined 60 million euros in prize money earned from playing in the Champions League in 2014.

 

PSG face UEFA sanctions

AFP, PARIS: Free-spending French giants Paris Saint-Germain are set to face UEFA sanctions for breaches of Financial Fair Play (FFP), according to a report by the British Financial Times on Wednesday that claims PSG overstated sponsorship contracts to the tune of 200 million euros. Bankrolled by Qatari owners, PSG smashed the world transfer record by signing Brazilian star Neymar for 222 million euros ($264 million) in August and committed to completing another 180 million-euro deal for French teenage sensation Kylian Mbappe this summer when agreeing a one-year loan deal from Monaco a few weeks later. Introduced by European footballs governing body in 2010, FFP limits clubs to making losses of no more than 30 million euros over three seasons. PSG issued a response to the report in a statement on Wednesday evening in which they hit out at erroneous information... directed against the club in the British media. UEFA opened an investigation into PSGs compliance with FFP just weeks after the deals for Neymar and Mbappe were completed. PSG have already fallen foul of FFP. The club were fined 60 million euros in prize money earned from playing in the Champions League in 2014.