PSG escape ban after winning Financial Fair Play compliance appeal
French giants Paris Saint Germain have escaped a ban after an investigation into their compliance with Financial Fair Play (FFP) rules has been closed by the Court of Arbitration for sport.
PSG signed Brazilian superstar Neymar in the 2017 summer transfer window from Barcelona for a world-record £200m and later announced the signing of Kylian Mbappe from AS Monaco on a season-long loan with an obligation to buy for £166m. UEFA rules mandate that clubs cannot spend more than they earn in any given season and deficits must fall within a 30-million-euro limit over three seasons.
In June last year PSG were cleared of any wrongdoing in regards to breaking the FFP rules but following pressure from European clubs the case was reopened. The Court of Arbitration for Sport has now looked into the matter and insists the original decision should stand and the case has been closed.