PSG cleared of FFP breach but still need to sell players


PSG cleared of FFP breach but still need to sell players

PSG ordered to raise €60m to satisfy Uefa’s FFP rules

PSG ordered to raise €60m to satisfy Uefa’s FFP rules

Following five days of intense debate, UEFA have publised their decision not to santion Paris Saint-Germain after agreeing that the French club have not breached Financial Fair Play (FFP) rules.

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

The report says that while the club is not breaking even, it is within the acceptable deviation.

If they fail to raise the money, the club will face sanctions.

A statement released by UEFA read: "The CFCB (Club Financial Control Body) chose to close the investigation into Paris Saint-Germain".

PSG bought Brazil forward Neymar from Barcelona for £200m last summer and later signed Kylian Mbappe on loan from Monaco with an option to buy after one season for a fee understood to be in the region of £166m. The decision follows a detailed review of transfer contracts and an analysis of the related management accounts which confirmed that such transactions were in line with the UEFA club licensing and financial fair play regulations.

PSG have avoided the threat of a ban from the Champions League, but need to raise significant funds - L'Equipe reported a figure of €60 million - before the end of the month to avoid any immediate issues.

"The financial impact of transfer activities as from the 2017 summer - up to and including the upcoming transfer window - and compliance with the break-even requirement for the 2018 financial year will remain under close scrutiny and will be thoroughly looked at in the coming weeks".

The UEFA Club Financial Control Body (CFCB) had been monitoring PSG's "break-even requirement" for 2015, 2016 and 2017.

This is because of Uefa's Financial FFP "break-even" rules, introduced in 2013, which requires clubs to balance their spending and revenue.