PSG under ‘formal investigation’ by UEFA over huge summer spending and failure to comply with FFP

 

French side splashed out a world record £189m to sign Neymar and have a deal lined up to land Kylian Mbappe

The mega-rich French giants are under the microscope over whether they fell foul of Uefa’s Financial Fair Play initiative.

PSG are hoping to win the whole competition after signing Neymar

PSG signed Neymar in a world record £189m deal

Monaco have confirmed Kylian Mbappe has joined Paris Saint-Germain

They also have another stunning deal to land Kylian Mbappe next summer

PSG raised question marks by splashing out an extraordinary £198million on Neymar this summer.

They then landed Monaco sensation Kylian Mbappe on a loan deal with a view of buying him permanently for £165m next summer.

A statement written on Uefa’s official website said: “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.

World record signing Neymar has wasted no time making his mark at PSG

Neymar goes after Marcelo after Brazil pal takes the mick during dressing room kick about

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

PSG are likely to be punished but it may not be until next year.

That is because FFP covers profit and loss over a three-year period.

The rules were introduced in 2013 to stop clubs accumulating too much debt and to prevent wealthy owners from injecting too much cash into their clubs.

Source: https://www.thesun.co.uk/sport/4373634/psg-under-formal-investigation-by-uefa-over-huge-summer-spending-and-failure-to-comply-with-ffp/

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