Skip to main content

Neymar to PSG could prompt FFP investigation from UEFA


Neymar's proposed €222 million move from Barcelona to Paris Saint-Germain would be examined by UEFA to ensure it does not breach Financial Fair Play (FFP) rules

PSG are reportedly ready to break the world transfer record to sign the Brazilian in a bid to regain the Ligue 1 title and challenge for their first Champions League crown.

La Liga president Javier Tebas has indicated he will report PSG over the deal, while Barcelona president Josep Maria Bartomeu said it would be impossible for a club to buy Neymar without contravening FFP rules.

PSG - owned by Qatar Sports Investments - were hit with a €60m fine over FFP breaches in 2014 and UEFA said it will take a close look if the Ligue 1 side complete a deal for Neymar, although no complaints have yet been received.

UEFA's chief executive director for financial and sustainability Andrea Traverso told Spanish news agency EFE: "PSG have to respect FFP rules like any other club in Europe. They have to prove that they have no losses of more than €30m within three years.
The potential impact of Neymar's signing with PSG would affect the economy of the club for many years. It is very difficult to judge this kind of transfer in advance because we do not know the plans of the French club. They could sell some players for a similar or higher price. Only afterwards can we make a calculation and make sure the rules are met.

"Regardless of whether we receive a complaint or not, we will discuss the details of the transfer in any case in order to ensure FFP rules are respected. Previous cases are taken into account if a potential sanction is decided, but now there is no open case and there is no reason to speculate on any hypothetical outcomes.

"Clubs are keenly aware of the rules. The fact that the debts of European clubs have dropped from €1.7 billion in 2011 to less than €300m now shows that the rule has had a positive impact on the stability and sustainability of European football."

Comments

Popular posts from this blog

Vulvar Care Tips

Vulva Care Maintaining a healthy vulva and vagina will help prevent infections and discomfort. Unusual changes in vaginal discharge is a sign that there might be an issue. Why is vulvar and vagina care important? Many women experience uncomfortable, vaginal infections (vaginitis) at one time or another. The area around the entrance to the vagina (vulva) can also become irritated. Steps can be taken to relieve and prevent vulvar discomfort and vaginal infections. Not all vaginal infections are alike and home treatments can worsen some types. If you have any concerns about your vulvar or vaginal health, or notice unusual changes in vaginal discharge, contact your healthcare provider if the problem persists. What is the vulva? The vulva is the area of female sex organs that lies outside of the vagina. These organs include folds of sensitive tissue called the labia (labia means "lips"). The labia has two parts. The outermost folds are called the labia majora. A secon...

Chechnya leader makes Mo Salah honorary citizen

Chechnya leader Ramzan Kadyrov has made Egypt’s talismanic striker Mohamed Salah an honorary citizen of the southern Russian region at a farewell banquet held for the eliminated World Cup side. Rights groups and Western governments allege that authorities in Chechnya repress their political opponents, discriminate against women and persecute sexual minorities, all allegations that Chechnya’s leaders deny. Chechnya has been hosting the Egyptian team’s World Cup training camp and Kremlin-backed Kadyrov has seized on opportunities to appear alongside Salah. Sarah’s goalscoring exploits for Liverpool and Egypt have made him an international superstar. “Mohamed Salah is an honorary citizen of the Chechen Republic. “Yes, that’s right! Tonight I signed a decree conferring this high award on the great footballer and member of the Egypt and Liverpool teams,” Kadyrov wrote on Telegram. Salah was presented with a badge and a copy of the decree at the dinner, Kadyrov said. The Egy...

Oil prices rise amidst uncertainty over Libyan crude exports

Oil prices rose, Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output loom. Brent sweet crude futures, the international benchmark for oil prices, were at 74.95 dollars per barrel at 01.04 GMT, up 22 cents, or 0.3 per cent from their last close. The United States West Texas Intermediate (WTI) crude futures were at 68.33 dollars a barrel, up 25 cents, or 0.4 per cent. Traders said prices were mostly driven higher by uncertainty around oil exports by Libya, a member of the Organisation of the Petroleum Exporting Countries (OPEC). Eastern Libyan commander, Khalifa Haftar’s forces have handed control of oil ports to a separate National Oil Corporation (NOC) based in the East of the country. The official state-owned oil company based in the capital Tripoli, also called NOC, will not be allowed to handle that oil anymore, he said. In comments later confirmed to the media, Ahmed Mismari, spokesman of Haftar’s Libya National Army...