The signing of Paris St Germain (PSG) from Lionel Messi has re-ignited the debate about the effectiveness of the UEFA Financial Fair Play (FFP), which was designed to curb excessive expenses but had been relaxed last year due to the coronavirus pandemic.
The rules were introduced in 2009 to prevent club spending beyond their ability and distort the market, requiring teams to decide even and save wages and transfer costs in line with income.
PSG and Manchester City are among the clubs to decline rules, although both teams avoid excessive penalties after winning the appeal through the Arbitration court for sports.
But softening to help the club overcame Pandemi’s financial surprises, however, no PSG and City – which last week broke the Premier League transfer record to buy Jack Greals with 100 million pounds ($ 138 million) – must worry about new investigations into their expenses.
“We know the financial fair play rules and we will always follow the rules,” PSG Chairman Nasser Al-Khelaifi for Messi’s presentation on Wednesday.
Read Alsomessi began practicing with Paris Saint-Germainsafter acceptance full of enthusiasm and UUKUS disclosure to the public on Wednesday Lionel Messi took part in his first session at the Paris Saint-Germain training facility on Thursday.
Former 34-year-old Barcelona players have aged downtime since winning the Copa America with Argentina “before we did something, we checked with our commercial, financial and law.
We have the capacity to sign it.
If we sign Leo, it’s because we can , Otherwise we won’t do it.
“PSG’s income for 2019-20 was 541 million euros, according to a report from KPMG, while their wage bill reached 405 million euros.
However, the spending of a wagesthir bumper for salary has surged last year, since the signing of Georginio Wijnaldum, Sergio Ramos and Gianluigi Donnarumma on a free transfer, which allows them to offer bumper wages instead of transfer fees.
PSG also splashed 60 million euros on Fullback Achraf Judii from Inter Milan while signing Messi – which will pocket the marketing fee of 25 million euros reported and annual salary of 63 million – has increased their wage bills further.
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The club’s income, meanwhile, has fallen due to the pandemic and the French league television deal collapses, but for now they have no obligation to discuss even.
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Rest the rules can be removed at all, according to Andrea Traverso, Director of Financial Stability and UEFA research, which in April described it as “inim of the purpose” in the postemic era.
Traverso suggested new rules must focus on the present and future rather than punishing clubs for past excess.
UEFA refused to comment on what would look like the future of the Financial Fair game or on whether the relaxation of the break-app rule cleared the road for PSG to sign Messi.
The change in other major rules of UEFA allows the owner to spend their own money to reduce losses, which play into the hands of the city supported by Qatar and the city funded by Abu Dhabi but gives a little assistance to the Barca owned by a fan.
Catalan is also top of the mercy of the rules of the Laliga financial game, which sets each maximum budget club every season according to the income they expect.
Read Alsolionel Messi and Paris Saint-Germain: A drama in five Actslionel Messi finished his move to Paris Saint-Germain on Wednesday with the French side sighing relieved after several heartbreaking moments in the past.
Read on the 2019-20 campaign was 671 million euros , down to 347 million last season due to a pandemic.
Reported to between 160 million and 200 million for the next campaign, making it impossible for them to give Messi a new agreement.
PSG, on the contrary, benefit from the French football federation postponing the requirements for its clubs only spend 70% of income on wages.