2024-09-06 19:15:12
PSG can breathe. This Friday, the Club Financial Control Body, which depends on UEFA, announced that the Parisian club was in order and respected the provisions related to financial fair play. In other words, the French team will not be sanctioned this summer. Also qualified for the Champions League, AS Monaco is also set.
The PSG came close to being sanctioned. In September 2022, the Parisian club, but also the’AS Monaco and l‘ABOUThad been pinned by theUEFAThe team did not respect the rules of financial fair play which stipulate that teams are not allowed to exceed the authorised deficit threshold of 30 million euros over three financial years. Surveillance of PSG’s finances was increased.
Mbappé Succession: The Promise That Ruined PSG’s Plans pic.twitter.com/5lbBQX8qrX
— le10sport (@le10sport) September 6, 2024
PSG receives good news
Table of Contents
Table of Contents
But this Friday, the First Chamber of the Financial Control Body Club confirmed that the PSG had achieved the objectives set for the year 2023. AC Milan (ITA), FC Internazionale Milano (ITA), AS Monaco FC (FRA), Olympique de Marseille (FRA), Paris Saint-Germain (FRA), Beşiktaş JK (TUR), Trabzonspor A.Ş (TUR) and Royal Antwerp FC (BEL) have all achieved the interim financial targets set for the 2023 financial year. ” we can read in the press release.
AS Monaco can also breathe
Also qualified for the Champions League, AS Monaco can also breathe. Other teams are not out of the woods. TheIstanbul Basaksehir has been subject to disciplinary measures and risks exclusion from the next interclub competition of theUEFA.
1725651008
#Transfer #Market #Big #news #PSG
What are the implications of PSG’s financial fair play compliance for the club’s future spending?
PSG Breathes a Sigh of Relief: Financial Fair Play Compliance Ensures No Sanctions
In a recent announcement, the Club Financial Control Body, a division of UEFA, confirmed that Paris Saint-Germain (PSG) has complied with financial fair play regulations, avoiding potential sanctions this summer. This news comes as a relief to the French team, which had been under scrutiny for its finances.
Just over a year ago, in September 2022, PSG was one of eight clubs fined for breaching financial fair play rules [[1]]. The club was ordered to pay an unconditional 10 million euros (£8.6 million) and potentially faced a much larger fine of 65 million euros (£56 million) [[2]]. The breach was attributed to PSG’s failure to comply with “break-even” rules, which require teams to balance their spending and revenue over a three-year period.
However, according to recent reports, PSG’s revenue streams are growing strongly, with projections presented to UEFA indicating that the club will not be limited by financial fair play constraints until 2026 [[3]].
The Club Financial Control Body’s announcement marks a significant milestone for PSG, as it ensures the team’s participation in the Champions League without any sanctions. AS Monaco, another French team, also received good news, confirming its qualification for the prestigious competition.
PSG’s compliance with financial fair play regulations is a testament to the club’s efforts to balance its finances and invest in its future. The team’s ability to secure lucrative sponsorships has played a crucial role in keeping it out of financial fair play trouble [[2]].
PSG’s financial fair play compliance is a welcome development for the club and its fans. With its finances in order, the team can now focus on its on-field performances, aiming to secure success in the Champions League and other competitions.
References:
What were the consequences PSG faced for breaching financial fair play rules in the past?
PSG Breathes a Sigh of Relief: Financial Fair Play Compliance Ensures No Sanctions
In a recent announcement, the Club Financial Control Body, a division of UEFA, confirmed that Paris Saint-Germain (PSG) has complied with financial fair play regulations, avoiding potential sanctions this summer. This news comes as a relief to the French team, which had been under scrutiny for its finances.
A Brief History of PSG’s Financial Fair Play Issues
Just over a year ago, in September 2022, PSG was one of eight clubs fined for breaching financial fair play rules [[1]]. The club was ordered to pay an unconditional 10 million euros (£8.6
