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HomeOther StoriesPSG violated FFP rules and was fined €10m

PSG violated FFP rules and was fined €10m

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PSG violated FFP rules and was fined €10m. Last season, Paris Saint-Germain (PSG) made a sizable deficit due to their astronomical salary costs. The French juggernauts committed a record-breaking €730 million in payroll, which was 45% more than the previous record-holder Barcelona set in 2019. According to Mundo Deportivo, this huge payment prompted UEFA to open an inquiry and fine PSG €10 million for breaking financial rules.

Now that the 2023 deadline is rapidly approaching, PSG will need to immediately cut expenses. The French companies risk harsher punishments from Europe’s top governing body, including a whopping €65 million fine, if they don’t comply.

The Football Benchmark analysis, which was distributed by Mundo Deportivo, claims that this expense brought on by high wages is significantly more than Barcelona’s previous expenditure record. After it was discovered that they had set aside €541 million for payroll, Blaugrana’s financial situation deteriorated rapidly.

The enormous €730 million spent by the Parisians dwarfs Barca’s high wage expenses. Notably, the French team added Achraf Hakimi, Gianluigi Donnarumma, Sergio Ramos, and Lionel Messi to their roster. By extending Kylian Mbappe’s contract and bringing on Vitinha and Nuno Mendes as new hires in 2022, their collective compensation was dramatically raised.

Barcelona has been listed in five of the last eight payroll records, along with Real Madrid, Manchester City, and PSG. Qatar has owned the Parisian club for more than 11 years, and they are still committed to spending everything it takes to win the Champions League.

They haven’t cut any corners, making it very obvious that they are prepared to go above and beyond to succeed on Europe’s biggest stage. That is evident from their €730 million pay budget.

For more football news and the latest updates, keep your eye on this space.

Salman Shaikh
Salman Shaikhhttps://beyond100yards.com/
You can find me in the newspaper, on TV and radio, and online. I love writing about football news and sharing it with others.