L’Equipe claims that Paris Saint-Germain has failed to convince UEFA that its recently signed 200 million euros-per year ($278.5 million) contract with the Qatar Tourism Authority, which is tangentially related to the club’s owner, Qatar Sports Investments, is not over overvalued. In fact, the French daily claims that UEFA is prepared to value the deal at exactly half that amount, and, as a consequence, UEFA and PSG have reached an agreement that protects the club from any further sanctions, while imposing upon its owner a number of restrictions for falling afoul of its Financial Fair Play (FFP) rules.
Among them: the club will not be allowed to increase the amount it pays for its players’ salaries; it will not be allowed to buy any players in the coming transfer window without selling existing players first; it will also be limited in its transfer activity, meaning it is allowed to buy one player for up to 60 million euros ($83.5 million), but not two or three for a total of 60 million euros. Like Man City, PSG will also only be able to name a 21-man squad instead of the usual 25 in next season’s UEFA Champions League, and eight of those players will need to be homegrown. Lastly, the French giant will have to pay a 60 million euro fine spread over the next three years and reduce its losses to 30 million euros ($41.8 million), rather than the 45 million euros ($62.7 million) stipulated by FFP regulations, by the end of the 2014-15 season.