European football governing body UEFA have opened and launched a formal financial fair play investigation into Paris Saint-Germain following their colossal summer spending. The French side broke the world transfer record when they paid £200million to release Brazilian footballer Neymar from his Barcelona contract.
They followed it up by recruiting another of the world’s most highly sought-after players, Kylian Mbappe, on a season-long loan deal from French champions Monaco on Thursday, with an agreement in place with Monaco to splash out a further £166m on the France international at the end of the season.
UEFA said: ‘The Investigatory Chamber of the UEFA Club Financial Control Body has opened a formal investigation into Paris Saint-Germain as part of its ongoing monitoring of clubs under Financial Fair Play (FFP) regulations. The investigation will focus on the compliance of the club with the break-even requirement, particularly in light of its recent transfer activity. In the coming months, the investigatory chamber of the UEFA Club Financial Control Body will regularly meet in order to carefully evaluate all documentation pertaining to this case. UEFA considers Financial Fair Play to be a crucial governance mechanism which aims to ensure the financial sustainability of European club football. UEFA will make no further comments on this matter while the investigation is ongoing.’
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