Uefa has announced a formal investigation into the multi-million pound transfer window spending of Paris Saint- Germain, and whether it has complied with financial fair play (FFP) rules requiring clubs to break even. In a statement, European football’s governing body 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. But the Uefa committee has taken the unusual step of investigating in order to support the credibility of the FFP rules and monitor how PSG account for their mammoth spending. PSG, owned by the Qatar sovereign wealth fund QSI, has form for breaching FFP rules, having accepted a €60m reduction of prize money and a reduction in squad size in May 2014, after a previous Uefa investigation.

Source: The Guardian September 01, 2017 17:00 UTC