PSG in FFP talks with UEFA
A delegation from Paris Saint-Germain was in Switzerland on Thursday to explain the club’s structures to a UEFA committee overseeing the implementation of financial fair play rules in football.
PSG president Nasser Al-Khelaifi led the three-man group who assisted the informal meeting at the headquarters of European football’s governing body in Nyon.
Financial fair play guidelines are designed to stop clubs spending more money than they earn. UEFA plans to examine projected budgets for next season before ruling in the spring on whether they comply with the new regulations.
PSG, owned by Qatar Sports Investments (QSI), envisage having a budget of 430 million euros next season, according to L’Equipe.
The French champions’ revenues have increased by 300 percent since the Qatari group took over the club in June 2011.
To meet spiralling costs, PSG have secured some lucrative sponsorship deals. None is more eye-catching, however, than the agreement with the Qatar Tourism Authority (QTA), which guarantees the club between 150-200 million euros per season.
That deal has already proved unpopular with other clubs around Europe and, according to L’Equipe and RMC, UEFA will investigate whether the sum paid is justifiable according to its financial fair play guidelines.
If UEFA was to rule that the contract was unnecessarily worth more than the market value, PSG would have to find another source of revenue.
But the Ligue 1 club argue that QSI and the QTA are completely separate entities.