- Paris Saint-Germain win Financial Fair Play compliance appeal14:12 | 20/03/2019
An investigation into Paris Saint-Germain’s compliance with financial fair play rules has been closed by the Court of Arbitration for sport, following an appeal by the club.
FFP investigations were opened after PSG signed Neymar for £200m
Investigations were initially opened in September 2017, following pressure from some of Europe’s biggest clubs, after PSG signed Brazilian forward Neymar from Barcelona for a world-record £200m.
Within weeks the club had also agreed a deal to sign teenage striker Kylian Mbappe from Monaco, on a season-long loan with an obligation to buy for £166m.
Kylian Mbappe arrived in Paris just weeks after Neymar
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.
In June the club was cleared of breaking FFP rules, but a few months later UEFA announced it was reopening the investigation.
The Court of Arbitration for Sport has now looked into the matter and insists the original decision should stand and the case has been closed.
UEFA responded to the court’s decision on Tuesday evening:
“UEFA takes note of today’s decision of the Court of Arbitration for Sport (CAS), in Lausanne, by means of which the appeal filed by Paris Saint-Germain against UEFA with respect to the decision rendered by the CFCB Adjudicatory Chamber on 19 September 2018 was upheld and the challenged decision set aside,” a statement read.
“UEFA will analyse this latest CAS award in detail and will consider implementing as soon as possible any clarifications or amendments to its rules that may result from the analysis of the above mentioned award.
“The CAS decision does not put in doubt the objectives of the UEFA Club Licensing & Financial Fair Play system.”
Source – Sky Sports
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