UEFA, PSG, Man City targeted in Football Leaks revelations
PARIS: UEFA helped Paris Saint-Germain and Manchester City get around their own Financial Fair Play (FFP) rules, according to a Football Leaks investigation published on Friday.
According to the investigation of “more than 70 million documents” analysed “over eight months by 80 journalists” from members of European Investigative Collaborations (EIC), UEFA “knowingly helped the clubs to cover up their own irregularities for ‘political reasons’” under the leadership of Michel Platini and Gianni Infantino.
Both clubs have avoided the most severe FFP punishment of being excluded from the UEFA Champions League.
Football Leaks claims that the owners have injected some 4.5 billion euros ($5.1 billion) over the last seven years to increase the budgets of the clubs they own.
Of that figure, 2.7 billion euros has been invested in City via their owners and from allegedly “overestimated” sponsorship deals.
Football Leaks also points the finger at PSG’s five-year agreement with the Qatar Tourism Authority (QTA), valued at 1.075 billion euros, or 215 million euros a year.
That is despite the investigation claiming that “two independent auditors assigned by UEFA valued the contract at... 123,000 euros per year for one, and 2.8 million euros a year for the other”.
UEFA rules say clubs cannot spend more than they earn in any given season and deficits must fall within a 30 million-euro limit over three seasons.
Both PSG and City were fined 60 million euros by UEFA in May 2014, but both were told they would get 40 million euros back if they stuck to the terms of their settlement.
French investigative website Mediapart claims Infantino — the current FIFA president who was then UEFA’s general secretary — “directly negotiated an agreement with Manchester City”, bypassing the Financial Control Panel of European football’s governing body. His proposal was for a “fine of 20 million euros instead of 60.”
Late Friday, FIFA blasted the claims as an attempt to “undermine the leadership” of the global body.
“It seems obvious from the ‘reporting’ carried out in some media outlets that there is only one particular aim — an attempt to undermine the new leadership of FIFA and, in particular, the President, Gianni Infantino, and the Secretary General, Fatma Samoura.”
Infantino added in a statement: “It is always a challenge to change things, to move forward, and to bring people together in order to do things better.
“And, as we are resolutely implementing the reforms at FIFA, it was always clear to me that I would face strong opposition, especially from those who cannot anymore shamelessly profit from the system they were part of.”
PSG said in a statement that they have “always strictly complied with all applicable laws and regulations and firmly denies the allegations published today by Mediapart”.
The club’s delegate director general Jean-Claude Blanc later told AFP that “there was no secret agreement with UEFA, everything was done with the most complete transparency.”
PSG have been the subject of another UEFA investigation since they signed Neymar from Barcelona for a world-record 222 million euros ($264 million) in August 2017.
-
Jesy Nelson Reflects On Leaving Girls' Band Little Mix -
World’s First Pokemon Theme Park Opens In Tokyo, Boosts Japan Tourism -
Waymo Trains Robotaxis In Virtual Cities Using DeepMind’s Genie 3 -
5 Simple Rules To Follow For Smooth, Healthy Hair -
$44 Billion Bitcoin Blunder: Bithumb Exchange Apologizes For Accidental Payout -
Katie Price Ends Public Feud With Ex Peter Andre After 16 Years -
Apple May Bring ChatGPT And Other AI Apps To CarPlay -
Meghan Markle, Prince Harry Likely To Attend Super Bowl Halftime Show 2026 -
AI Next Big Trial: Elon Musk Calls For ‘Galileo Test’ To Prove True Intelligence -
US Appeals Court Affirms Trump’s Immigration Detention Policy -
Bella Hadid, Adan Banuelos Rekindle Romance After Brief Separation -
Jay-Z Shares Bold Advice With Bad Bunny For NFL Super Bowl Halftime Show Appearance -
Epstein Probe: Bill, Hillary Clinton Call For Public Testimony Hearing -
Brooklyn Beckham Considers Adoption As Nicola Peltz Can't Carry A Baby -
Expert Discusses 'complications' Of Measles Outbreak -
Kaley Cuoco Recalls Her Divorce With Karl Cook: 'I Was Gonna Die'