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...

Nigeria’s first female banker, Sarah Morocco-Clarke is dead

Sarah Adenike Morocco-Clarke, Nigeria’s first female banker is dead. Morocco-Clarke died at the age of 80 on Sunday, 16 September 2018, after a short illness. Sarah Morocco-Clarke, an alumnus of Queen’s College Lagos, started her career with First Bank (then Bank of British West Africa, and subsequently Standard Bank) as a pioneer female employee, and rose through the ranks at First Bank Nigeria and was made the Services Manager and Secretary to the South Administration, wherein she had a mandate that covered the services of all the First Bank branches in Southern Nigeria. While she worked in the banking industry, she was manager of numerous First Bank branches in Lagos and was subsequently made a Regional Manager in charge of Bendel, Ogun and Oyo states. She was also an Area Manager in the Western part of Nigeria. Popularly known as the ‘Iron Lady, Morocco-Clarke leaves behind six successful children, thirteen grandchildren and three great-grandchildren.

FRSC reinforces directive on use of google maps while driving

The Federal Road Safety Corps (FRSC) has clarified its position on the use of Google Maps, The FCT Sector Commander of the Federal Road Safety Corps (FRSC), Ayuba Gora was quoted saying that driving with the aid of Google map using mobile phones is a serious traffic offence. Gora said this at the inauguration of the 2019 Ember Months Campaign by Lugbe Unit Command of the FRSC in Abuja yesterday. But, FRSC Spokesman Bisi Kazeem making reference to Gora’s comments said the Sector Commander was quoted out of context and his statement outrightly misrepresented. Kazeem said the FRSC as a technology-driven organisation is not and has never stood against the use of Google Maps by Motorists. The statement read: “To state the obvious, we have always enlightened the public on the position of the law on the use of phone while driving. “The statement he made during the flag off buttresses the position of the Corps, which is that any driver who intends to deploy the use of Google Map...