PSG cleared of FFP breach but still need to sell players
The club have not breached the rules yet but are in danger of doing so this year
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.
After looking into PSG's accounts for nine months, UEFA's Club Financial Control Commission (ICFC) have decided not to punish the Paris club, who have been firmly under an FFP spotlight throughout the entire year.
During the investigation, UEFA have decided that the management of the club's finances in the last three years is correct, although they say they will keep a close eye on them, especially in the transfer market.
In addition, UEFA said they had to revise the value of a number of PSG's commerical deals, with companies such as Qatar National Bank, Ooredoo, BeIN Sports, Qatar Tourism Authority and Aspetar said to be paying above the market rate.
The report says that while the club is not breaking even, it is within the acceptable deviation.
According to L'Equipe, though, PSG must now sell players with a value of upto 60 million euros before June 30 (following the signings of Mbappe for 145 million + 35 million in add-ons and Neymar for 222 million) to keep within the rules for the current financial year.
Full UEFA statement:
"The CFCB Investigatory Chamber further decided to close the investigation into Paris Saint-Germain. Such 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 & Financial Fair Play Regulations. Furthermore, the chamber concluded that after significant fair value adjustments of several club sponsorship contracts - on the basis of evaluations performed by independent third party assessors - the break-even result of the club remains within acceptable deviation for the financial years ending in 2015, 2016 and 2017. 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."
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