Don't miss

Replay


LATEST SHOWS

ENCORE!

Ryan Gosling and Claire Foy on the red carpet in Paris

Read more

PERSPECTIVE

The dictator hunter: Reed Brody on bringing despots to justice

Read more

FOCUS

France explores alternatives to prison

Read more

IN THE PRESS

Blind support or strategic move? Australia mulls embassy move to Jerusalem

Read more

BUSINESS DAILY

'Personal computing would not have existed without him': Paul Allen dies aged 65

Read more

MEDIAWATCH

Fatal flooding in France

Read more

THE DEBATE

Saudi Arabia under pressure: Crown prince defiant over Khashoggi disappearance

Read more

THE OBSERVERS

Biking in Cuba, entrepreneurship in Burundi, and more

Read more

ENCORE!

Music show: NOLA French Connection Brass Band, Yoko Ono & Neneh Cherry

Read more

Sports

PSG escape financial 'fair play' sanctions – for now

© Corentin Dautreppe, AFP archive

Text by NEWS WIRES

Latest update : 2018-06-13

Paris Saint-Germain escaped getting hit with financial "fair play" sanctions on Wednesday but the Union of European Football Associations (UEFA) wants the club to raise millions by the end of June or face fines.

UEFA wants Paris Saint-Germain to raise millions of euros in income by the end of the month or face punishment for overspending.

UEFA says its club finance investigators decided the French champion overstated the market value of "several club sponsorship contracts."

Those include deals from Qatar closely linked to PSG's owners.

Though UEFA was satisfied with deals to sign star forwards Neymar and Kylian Mbappe last year, the transfers worth hundreds of millions of euros have tested PSG's ability to approach break-even figures on football-related business in the financial year ending June 30.

UEFA says the club will "remain under close scrutiny and will be thoroughly looked at in the coming weeks."

UEFA's club finance judging panel can intervene after PSG completes its annual accounts.

(AFP)

Date created : 2018-06-13

  • Sports

    PSG confirms Thomas Tuchel as new coach on two-year deal

    Read more

  • SPORT

    Neymar wins Ligue 1 Player of the Year award

    Read more

  • SPORT

    Neymar back for PSG, Alvez out of World Cup

    Read more

COMMENT(S)