15 March 2023 - 4:08 PM


Nasser Al-Khelaifi, President of PSG and Aleksander Čeferin, President of the UEFA

PSG have lost more than €600 million since 2019 and made a no-penalty deal with UEFA – how can that happen?

  • Despite massive breaches of UEFA’s FFP regulations, Paris Saint-Germain have allegedly reached a settlement with UEFA ensuring that the club won’t receive any serious penalties. In this article we try to examine how it’s possible to avoid penalties.
  • There are “so many grey areas” in the current financial regulations regime that PSG – and probably many other clubs – can manage to escape without penalties despite heavy losses, one expert explains. Lawyer says UEFA encourages clubs to invest massively.
  • Why it matters: Clubs all over Europe are keeping a close eye on how UEFA handles the transition period from the old financial fair play regime to the new financial sustainability regulations.
  • The perspective: UEFA makes the rules, enforces them and at the same time – as tournament organiser – has a massive commercial interest in seeing the biggest clubs participate in its tournaments. Is it perhaps time for an independent European regulator.

Three separate days last year are worth noting when trying to understand the financial regulation of European football.

On the 7th of April last year, the UEFA executive committee approved the new UEFA Club Licensing and Financial Sustainability Regulations at its meeting in Nyon. UEFA wrote on its website that the regulations were the first major reform of UEFA’s finance regulations since they were introduced in 2010.<

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