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The World This Week - July 25th, 2014

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IN THE PAPERS

Coverage of the third plane crash in one week - from France, Algeria and Burkina Faso

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  • ‘No survivors’ from Algerian plane crash, says Hollande

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  • In pictures: Debris and devastation at Air Algérie Flight AH5017 crash scene

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  • Paris bans new Gaza protest scheduled for Saturday

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Sport

Exclusive: PSG boss says UEFA sanctions won’t affect team’s ‘big project’

© © FRANCE 24 screengrab | PSG president Nasser Al-Khelaïfi

Text by FRANCE 24

Latest update : 2014-05-18

PSG president Nasser al-Khelaifi spoke exclusively to FRANCE 24 about the UEFA sanctions levied against his club for financial fair play, which he says will not affect PSG’s “big project.”

UEFA fined both Manchester City and Paris Saint-Germain 60 million euros and capped their Champions League squad to 21 for falling foul of financial fair play rules.

PSG have agreed to a settlement with UEFA, under which they'll give up 10 million euros of prize money this year and next. The remaining 40 million is a conditional fine.

The French Ligue 1 champions benefited from a massive cash investment in top-drawer players after their takeover by Qatar Sports Investments in late 2012.

But Qatari sports businessman and PSG president Nasser al-Khelaifi told FRANCE 24's Mark Thompson that the penalties would not curb the club's ambitions and that he was happy with the settlement.

"We're happy with it, because we'll continue our project... no one will stop us from our objective. We’re going to continue investing in the club, continue working hard,” he said.

“Of course we need to generate a little bit more revenue, which is not difficult. Honestly, it will be easy for us, especially as it’s Paris, it’s the capital and there's only one club in the capital of France."

Date created : 2014-05-18

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