November 21, 2019

UEFA to review decision to clear PSG over Financial Fair Play

July 3, 2018
Neymar
PSG star Neymar for €222million

UEFA’s Club Financial Control Body (CFCB) will review its decision to clear French champions Paris St Germain of breaking Financial Fair Play (FFP) rules after last year’s transfer spending spree, European soccer’s ruling body said.      

PSG, who signed Brazil striker Neymar for €222million also sealed an initial loan move for France forward Kylian Mbappe from AS Monaco in a deal media reports said would be worth €180mn when they buy him.

The club were cleared of breaking FFP rules last month following a UEFA investigation.

“In light of the decision of the CFCB chief investigator to close the investigation into PSG, the chairman of the CFCB has decided to send this decision for review by the adjudicatory chamber,” UEFA said in a statement.

“This announcement does not pre-judge in any way the result of the review to be conducted by the adjudicatory chamber of the CFCB,” it added.

FFP rules ban clubs from spending more than their generated revenue, a policy introduced to prevent rich owners from trying to buy success and distorting the transfer market.

Teams can be thrown out of European competition for breach of rules but UEFA has in the past negotiated settlements with offending clubs.

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