LaLiga to file complaint over PSG's new Kylian Mbappe deal

Madrid: La Liga will file a complaint against Paris Saint-Germain over the renewal of Kylian Mbappe’s contract, saying the “scandalous" agreement attacks the economic stability of European football. The league’s announcement on Saturday came after Mbappe's decision to stay with PSG instead of joining Spanish powerhouse Real Madrid . The league said in a statement it will file the complaint to UEFA, the European Union and French administrative and fiscal authorities to “defend the economic ecosystem of European football and its sustainability”. The league said the agreement puts “at risk hundreds of thousands of jobs and the integrity of the sport, not only in European competitions, but also in domestic leagues”. “It is scandalous that a club like PSG, which last season reported losses of more than 220 million euros (Rs 1805 crore approx.) after accumulating losses of more than 700 million euros (Rs 5750 crore approx) in prior seasons (while reporting sponsorship income at doubtful valuation), with a squad cost around 650 million (Rs 5058 crore approx) for this season, can close such an agreement, while those clubs that could afford the hiring of the player without seeing their wage bill compromised, are left without being able to sign him.” Mbappe signed a new three-year contract to 2025, saying he was happy to continue his “adventure” in Paris. The league has filed complaints against PSG to UEFA over non-compliance with financial fair play rules in the past. UEFA initially sanctioned the French club but the Court of Arbitration for Sport reversed the sanctions in a “bizarre decision,” according to the league. “PSG is assuming an impossible investment, seeing that it has an unacceptable wage bill and large financial losses in prior seasons. It is violating current UEFA and French economic control rules,” the league said. “This behavior demonstrates once more that state-owned clubs do not respect and do not want to respect the rules of a sector as important as football. These rules are key to protect and sustain hundreds of thousands of jobs.” Spanish league president Javier Tebas has often attacked state-owned clubs such as Paris Saint-Germain and Manchester City for what he calls their disregard to financial fair play rules. He tweeted after news broke that Mbappé was staying with PSG that it was an “INSULT to football”.

Lo que va a hacer el PSG renovando a Mbappé con grandes cantidades de dinero (a saber dónde y cómo las paga) despues de dar pérdidas por 700M€ en las últimas temporadas y tener mas 600M€ de masa salarial, es un INSULTO al fútbol. Al-Khelafi es tan peligroso como la Superliga. pic.twitter.com/sZ1Y1TaSbK

— Javier Tebas Medrano (@Tebasjavier) May 21, 2022

Read all the Latest News ****, Trending News ****, Cricket News ****, Bollywood News ****, India News and Entertainment News here. Follow us on Facebook****, Twitter and Instagram****.