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PSG sanctions show UEFA's financial fair play 'is dead' - La Liga president

Exclusive: UEFA president Aleksander Ceferin tells Gab Marcotti the governing body will do everything to ensure a fair financial playing field.

La Liga president Javier Tebas said UEFA's financial fair play (FFP) programme is dead after the organisation decided to close the investigation into Paris Saint-Germain on Wednesday without imposing severe punishment.

PSG have escaped from the probe without major sanctions but must raise between €40 million-€60 million before the end of the month to be clear of any short-term issues relating to their 2015, 2016 and 2017 accounts.

The signings of Neymar, for a record €222m, and Kylian Mbappe last summer will be scrutinised again after the next financial year, but Tebas told L'Equipe it is not good enough from UEFA.

"We need time to study their decision in greater detail," Tebas said. "However, at first glance, I would say that they have led us up the garden path.

"This shows that financial fair play is dead -- it has no value. We will send this to competent authorities in Europe and Switzerland, denouncing UEFA's FFP in its entirety."

Tebas has been on the offensive against PSG since they lured Neymar away from Barcelona, and beating Real Madrid to Mbappe's signature only further exacerbated his anger toward the club.

In one of many colourful outbursts, Tebas accused PSG in August of "peeing" in the swimming pool of elite European football.

PSG will face challenges in remaining within FFP's limits after UEFA downsized the value of a number of their Qatar-based sponsorship contracts, but are expected to respond swiftly with a number of new deals -- as well as significant renewals with the likes of kit supplier Nike.

Jonathan Johnson covers PSG and the French national team for ESPN FC. Twitter: @Jon_LeGossip.

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