BREAKING: UEFA open investigation into PSG transfers

UEFA have officially opened an investigation into Paris Saint-Germain after the French club’s summer transfer dealings.

A number of mega-deals has seen PSG accused of circumnavigating Financial Fair Play laws.

The Parisian club signed Brazilian star Neymar from Barcelona for a world record €222m fee at the beginning of August before sealing a deal for Kylian Mbappé on Thursday.

Mbappé initially joins on loan but will cost at least €145m next summer, with AS Monaco hoping to receive an additional €35m in bonuses.

PSG have been punished by UEFA in the past. Back in 2014, the club’s Champions League squad was restricted to 21 players, their wage bill was not allowed to increase from the previous season and their summer spending was capped at £49m.

 

Official statement released on UEFA website

The Investigatory Chamber of the UEFA Club Financial Control Body has opened a formal investigation into Paris Saint-Germain as part of its ongoing monitoring of clubs under Financial Fair Play (FFP) regulations.

The investigation will focus on the compliance of the club with the break-even requirement, particularly in light of its recent transfer activity.

In the coming months, the Investigatory Chamber of the UEFA Club Financial Control Body will regularly meet in order to carefully evaluate all documentation pertaining to this case.

UEFA considers Financial Fair Play to be a crucial governance mechanism which aims to ensure the financial sustainability of European club football.

UEFA will make no further comments on this matter while the investigation is ongoing.

News Credit:Onefootball

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nkiruhomann

I am a writer, a motivational speaker. I am a mom and a wife. I studied engineering. I am a language coach. I do charity. I am the voice for THE voiceLESS Working for a beautiful Nigeria.

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