“Financial fair play”: file classified for PSG



Paris Saint-Germain will no longer be worried about its alleged breach of “financial fair play”, these rules issued by UEFA which require European football clubs not to spend more (to within 30 million) than what they win. On Tuesday, the Court of Arbitration for Sport (TAS) ruled in favor of the Parisian club by annulling, for procedural reasons, the decision rendered in September 2018 by the Judging Chamber of the Club Financial Control Authority (ICFC) of UEFA, she said in a statement. The latter had decided on a “more in-depth examination” of the PSG case, under surveillance since its astronomical spending in the summer of 2017 and the transfers of Neymar and Kylian Mbappé for more than 400 million euros. The club had appealed.

No sanction

This call is “Admitted and the contested decision is quashed”, indicates the CAS, which thus validates the decision rendered in June 2018 by the investigating chamber of the ICFC to close the Paris case. In reaction, PSG said in a statement to have “Always followed the rules” and be “Endeavored to respond calmly and transparently to repeated requests from UEFA and the CFCB, both in terms of form and substance”. The club – which thus escapes any possible sanction from the European Union of Football Associations – “Now intends to calmly pursue its development”.

Precedents

Since its acquisition by Qatar in June 2011, the Parisian club is regularly suspected of abusing the rules of “financial fair play”. In particular because its financing is largely based on commercial contracts concluded with Qatari entities. At the end of 2012, the controversy had swelled after the signing of a partnership agreement between PSG and the Qatar Tourism Authority for 600 million euros over four seasons. The club had finally accepted a cap on its payroll for two years, and was limited in its recruitments.

Leave a Reply

Your email address will not be published. Required fields are marked *