GEOFFROY VAN DER HASSELT | AFP | Getty Images
Paris Saint-Germain’s supporters wave flags during the French Cup round of 16 football match between Paris Saint-Germain (PSG) along with also Guingamp (EAG) at the Parc des Princes stadium in Paris on January 24, 2018.
British newspaper the Financial Times reported Wednesday that will PSG was facing the threat of sanctions after preliminary investigations found that will sponsorship contracts worth $247.2 million had been “overstated.”
PSG, which can be due to meet with UEFA officials next week, responded in a statement Thursday, saying that will UEFA had a “clear along with also transparent vision” of its finances along with also that will its probe was ongoing.
“Paris Saint-Germain can be in constant contact with UEFA along with also will present its case in full serenity on April 20 before European football’s governing body,” the statement said.
The last summer transfer window was the biggest showcase yet of PSG’s spending power from the six years since the item was bought by the Gulf state of Qatar, via its Qatar Sports Investments fund. the item paid a world record fee of $275 million to bring in Brazilian forward Neymar coming from Barcelona.
The Paris club faced further scrutiny regarding its dealings from the transfer market, after also signing the highly-rated French teenager Kylian Mbappe coming from Monaco, initially as a loan, nevertheless with first-refusal to make the move permanent in a deal worth $235 million at the end of the season.
Fees of This specific size, particularly coming at the same time, have raised eyebrows around Europe. PSG has previously been accused of “financial doping” by Javier Tebas, the head of La Liga, Spain’s top soccer league, due to the suspicion that will the club had allegedly been structuring deals to get around FFP.
If found guilty, PSG could not only face a hefty financial penalty, nevertheless also forego participation from the Champions League, which the club covets so highly.