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PSG cleared of FFP breach but still need to sell players

14 Juin, 2018, 04:08 | Auteur: Adelaide Bullion
  • PSG cleared of FFP breach but still need to sell players

They were cleared of breaching FFP rules, but the French club's transfer dealings from last summer onwards will remain "under close scrutiny".

The decision followed a detailed review of transfer contracts and analysis of the related management accounts, UEFA said.

But it is understood that in order to balance the books for the current financial year, which ends on 30 June, they need to raise money from player sales.

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

UEFA said it had closed the investigation and that the club's transfers from that period "were in line with the UEFA Club Licensing and Financial Fair Play Regulations".

It added that PSG's results for the financial years ending in 2015, 2016 and 2017 were accepted under the break-even rule, known as Financial Fair Play.

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United Kingdom newspaper the Financial Times reported in April that PSG could be sanctioned under FFP rules having secured sponsorship deals valued at more than the fair market rate.

It came after PSG broke the world record transfer fee in August 2017 when they signed Neymar for £200m.

UEFA opened an investigation into PSG's compliance with FFP rules at the start of this season, just weeks after they completed deals to sign Neymar and Kylian Mbappe.

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.

"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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