PSG escape UEFA sanctions but remain under scrutiny

PSG Neymar Mbappe Cavani

PSG Neymar Mbappe Cavani

UEFA have announced that Paris Saint-Germain have escaped a Financial Fair Play punishment, however the club must raise 60 million euros before June 30.

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

The report says that while the club is not breaking even, it is within the acceptable deviation.

The European governing body of the sport had opened an investigation into the French champions as a result of their sizable expenditure in the summer of 2017, but this has now been officially closed.

If they fail to raise the money, the club will face sanctions.

Uefa says its club finance investigators decided the French champion overstated the market value of "several club sponsorship contracts".

PSG also agreed to pay €155m (£137m/$183m) to complete a permanent deal for Kylian Mbappe, who they signed on loan at the club from Ligue 1 rivals Monaco.

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.

This is because of Uefa's Financial FFP "break-even" rules, introduced in 2013, which requires clubs to balance their spending and revenue.

"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".

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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