Report: PSG told to sell millions worth of players by end of June
According to multiple reports, UEFA has informed Ligue 1 giants Paris Saint-Germain that the club must raise a significant amount of money through player transfer sales by the end of June, or else they will face the wrath of Financial Fair Play sanctions.
The amount of money in the ultimatum has varied between reports, with both French publication L’Equipe and The Financial Times reporting the club is required to raise $70 million, while Loic Tanzi of RMC in France is reporting that number to be $47 million.
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UEFA released a statement on Wednesday to declare its investigation into PSG “closed” but also said, “The financial impact of transfer activities as from the 2017 summer – up to and including the upcoming transfer window - and compliance with the break-even requirement for the 2018 financial year will remain under close scrutiny and will be thoroughly looked at in the coming weeks.”
Financial Fair Play requires all clubs to balance income with expenditures and attempts to keep clubs from expending extraordinary - and therefore theoretically unfair - amounts of money on player transfers. PSG spent a massive $260 million on the purchase of Brazilian superstar Neymar last summer, a transfer that was muddied by the involvement of the Qatari royalty. They also have an obligation to complete the permanent transfer of Kylian Mbappe after this past campaign’s season-long loan, which could potentially cost the club up to a reported $210 million.
UEFA punishments for an FFP breach could include a fine, salary restrictions, squad restrictions, or worst of all a ban from European play. PSG has qualified for next season’s Champions League group stage via their first-place finish in the Ligue 1 table. They could still be handed down a punishment should they fail to comply with the reported ultimatum.
Players who could be sold include aging and expensive attackers Edinson Cavani, Angel Di Maria, and Javier Pastore, as well as midfielder Adrian Rabiot after his heated public response to being assigned reserve status for the French World Cup squad.