UEFA wants PSG to raise cash to meet break-even target

NYON, Switzerland — UEFA wants Paris Saint-Germain to raise millions of euros (dollars) in income by the end of the month or face punishment for overspending.

UEFA says its club finance investigators decided the French champion overstated the market value of "several club sponsorship contracts." Those include deals from Qatar closely linked to PSG's owners.

Though UEFA was satisfied with deals to sign star forwards Neymar and Kylian Mbappe last year, the transfers worth hundreds of millions of euros (dollars) have tested PSG's ability to approach break-even figures on football-related business in the financial year ending June 30.

UEFA says the club will "remain under close scrutiny and will be thoroughly looked at in the coming weeks."

UEFA's club finance judging panel can intervene after PSG completes its annual accounts.

You may also like these

Copa Libertadores final postponed after Boca bus...

Nov 25, 2018

The Copa Libertadores final was postponed to Sunday after Boca Juniors players were injured when...

Boca-River Copa Libertadores final postponed...

Nov 25, 2018

The Copa Libertadores final between fierce Argentine rivals Boca Juniors and River Plate was...

Boca Juniors not renewing contract of coach...

Dec 14, 2018

Boca Juniors will not renew its contract with coach Guillermo Barros Schelotto after losing to...

Emotional funeral for Sala held in his Argentine...

Feb 16, 2019

Family, friends, supporters and former teammates paid tribute to striker Emiliano Sala in his...

World Cup spy: Honduras accuses Aussies of clumsy...

Nov 14, 2017

Honduras coach Jorge Luis Pinto has accused Australia of an "embarrassing" espionage attempt after...

Sign up now!