Register Login Live

International

City And PSG Within Financial Fair Play?

Manchester City and Paris Saint-Germain will soon learn their Financial Fair Play (FFP) fate as UEFA are currently investigating 76 clubs.

The Club Financial Control Body’s (CFCB) investigatory chamber is meeting this week to consider whether the clubs have complied with FFP rules.

City and PSG are considered to have committed serious breaches of UEFA’s break-even rules and will hear the results around May 5.

While the English side have lost £149m (R2.6 billion) in the past two season, PSG have reportedly wiped out its annual losses of €130m (R1.9 billion) by announcing a back-dated sponsorship deal, which the Qatari-owned club signed with Qatar Tourism Authority.

It’s a deal with a related party and the French club will have to convince UEFA this procedure is fair market value.

"Our contract with Qatar Tourism Authority is not some accounting trick. It's the same contract we have with Emirates," said PSG president, Nasser Al-Khelaifi.

"There's no reason for UEFA to disagree. Everything is legal. Our lawyers are very competent."

Clubs can lose up to €45m (R 645 million) over the last two years under UEFA's rules.

City made losses of £149m (R2.6 billion) over the past two years, but can write off sums spent on facilities, youth development and a number of other items.

Meanwhile, other top English clubs have little to fear, with the likes of Arsenal and Manchester United being in the black in both years. Chelsea made a £49.4m (R 791 million) loss last year but made a £1.4m (R 25 million) profit in 2012 so will comply.

Liverpool and other clubs such as Monaco, who are not playing in Europe this season, will not have to pass the FFP rules until next autumn, with any sanctions applicable in 2015.

Do you think the Financial Fair Play rules are working? Have your say in the comment section below.

Chelsea To Splash £80m On PSG Duo?

FIFA Sanctions Barca

Barcelona Criticizes FIFA Sanctions

63 comments

Top 5

Chiefs Close In On Dolly!

288 Jul 27, 2021 09:57 AM in Kaizer Chiefs

10 Players In Running For 2021 Ballon D'Or

42 Jul 21, 2021 09:25 AM in Messi/Ronaldo/Neymar/Mbappe Watch

Former Pirates Star To Replace R17m Ahly-Bound Star?

15 Jul 27, 2021 08:00 AM in Siyagobhoza

Neymar Names Five Players Technically Better Than Him

5 Jul 08, 2021 01:28 PM in Messi/Ronaldo/Neymar/Mbappe Watch

Overseas & Local Interest In Outgoing City Striker

5 Jul 27, 2021 10:56 AM in Siyagobhoza

Chiefs To Sign Baxter Favourite

112 Jul 23, 2021 02:39 PM in Kaizer Chiefs

Dolly Gets Offers Abroad, Chiefs In Tight Race?

81 Jul 24, 2021 01:02 PM in Kaizer Chiefs

Chiefs’ Latest Arrival Starts Training  

131 Jul 26, 2021 09:27 AM in Kaizer Chiefs

Pirates Reveal Award Winners

48 Jul 21, 2021 06:47 PM in Orlando Pirates

The Highest-Paid African Stars In The EPL

19 Feb 02, 2021 07:14 PM in English Premier League

Reports: Pitso Beats Chiefs To R17m Ex-Downs Star

127 Jul 22, 2021 04:25 PM in Players Abroad

12 Players Who Went Bankrupt

23 Dec 07, 2020 12:34 PM in World News

Amiens Comment On Zungu Amid Chiefs Links

50 Jul 21, 2021 04:45 PM in Players Abroad