UEFA open investigation into PSG with regards to FFP
UEFA has opened an investigation into Paris Saint-Germain for potential financial fair play violation, European soccer’s ruling body announced on Friday.
Ligue 1 powerhouse Paris St Germain have been placed under investigation by UEFA to see if their recent transfer spending spree has broken the break-even rules of European soccer’s ruling body known as Financial Fair Play (FFP).
The formal move comes one day after the close of the transfer window in which PSG triggered Neymar’s €222m buyout clause to acquire his services, before sealing Mbappe’s deal before Thursday’s deadline on an initial loan in a deal that sources said is worth €180m plus bonuses.
Since FFP rules only allow a club to run a €30m deficit, PSG wanted to structure their deal for Mbappe so the financial impact of his arrival would not be taken into account this season.
FFP rules ban clubs from spending more than their generated revenue, a policy introduced to prevent rich owners from trying to buy success and distorting the transfer market.
In a statement issued on Friday, UEFA said:
“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.”