Amazon Pay
SBI
Grofers

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).

Neymar Jr. signed for Paris Saint-Germain in a move worth $257 million. Reuters

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: Sep 25, 2018 10:44 AM

Also See