UEFA orders 'further investigation' of Paris Saint-Germain over financial fairplay, could face exclusion from European competition

PSG's case is complicated by its lucrative sponsorship deals with Qatar National Bank and the Gulf state's tourism authority.

Agence France-Presse September 25, 2018 10:44:08 IST
UEFA orders 'further investigation' of Paris Saint-Germain over financial fairplay, could face exclusion from European competition

Paris: UEFA said it had ordered accusations that Paris Saint-Germain has broken its financial fair play rules to be referred to its financial unit "for further investigation".

European football's governing body initially opened an investigation into the Qatari-owned club's spending in September 2017 under pressure from some of Europe's biggest clubs after the French club signed Brazilian midfielder Neymar for a world-record € 222 million ($ 261 million).

UEFA orders further investigation of Paris SaintGermain over financial fairplay could face exclusion from European competition

Neymar signed for Paris Saint-Germain (PSG) for a world record fee $261 million. Reuters

Within weeks the club had also agreed a deal to sign teenage striker Kylian Mbappe from Monaco for € 180 million. He has since become one of world football's hottest properties.

In June, UEFA's Club Financial Control Body (CFCB) closed its investigation into PSG's spending only to re-open it just a month later.

UEFA said on Monday the case had now been referred "back to the CFCB Investigatory Chamber for further investigation".

UEFA rules mandate that clubs cannot spend more than they earn in any given season and deficits must fall within a 30-million-euro limit over three seasons.

PSG's case is complicated by its lucrative sponsorship deals with Qatar National Bank and the Gulf state's tourism authority.

If eventually found guilty PSG could face exclusion from European competition for one or more seasons, a huge blow to the club's Qatari owners who have made winning the Champions League their key goal.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

UEFA Champions League: Edinson Cavani misses out on quick return to Paris with Manchester United
Sports

UEFA Champions League: Edinson Cavani misses out on quick return to Paris with Manchester United

Cavani is not travelling with the United squad to Paris as he was not deemed fit enough to play after seven months out of action.

Champions League: Better than last time, says Ole Gunnar Solskjaer as Manchester United repeat Paris Saint-Germain feat
Sports

Champions League: Better than last time, says Ole Gunnar Solskjaer as Manchester United repeat Paris Saint-Germain feat

Rashford's 87th-minute effort decided the encounter in United's favour after an Anthony Martial own goal had cancelled out Bruno Fernandes's opening goal from the penalty spot in the first half.

Champions League: Juventus set to be without Cristiano Ronaldo as they meet Barcelona; Manchester United face Leipzig test
Sports

Champions League: Juventus set to be without Cristiano Ronaldo as they meet Barcelona; Manchester United face Leipzig test

Barcelona got off to a good start by beating Ferencvaros 5-1 but coach Ronald Koeman is under pressure again after the team lost at home to Real Madrid in the Spanish league Saturday.