PSG have one year to balance their financial records to avoid sanctions from UEFA for the breaching of FFP.
The French club’s president reassured the team’s fans that they have nothing to worry about, even if other European clubs are putting pressure on UEFA to sanction them. Nasser Al-Khelaifi spoke to The Daily Telegraph about his club’s current situation.
“We have until 30th of June 2018”, Al-Khelaifi said, referring to the deadline for settling financial records for the current season. PSG is currently being investigated by UEFA for breaching the Financial Fair Play regulations, after the Parisians bought Neymar Jr for €222m and Kylian Mbappe for a committed fee of €180m.
Al-Khelaifi rests assured that his team will not suffer any sanctions: “I told everybody to stay calm and think about their projects. We will thinks at the construction of our project. We worked very hard in the last six years to develop club revenues, and these have improved thanks to ticket sales, sponsorships, marketing, match day revenues and TV rights, from €90m to around €500m.” PSG’s president added that his club’s target is to continue to increase revenues by 20% to 40%.
UEFA’s investigation is looking to establish whether PSG have complied with the “exigence of financial balance, especially in the light of their latest transfer market activity”, according to UEFA’s statement.
Despite the fact that “there is pressure from other clubs”, Al-Khelaifi is confident that this will not influence any decision: “I don’t think UEFA will be influenced by this pressure, because they are very professional and serious.”
“We respect all clubs and wait the same thing in return”, PSG’s president concluded.