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UEFA Releases Statement On Neymar’s Record Move To PSG
Leave a comment | | August 3, 2017 7:47 AM

Europe football governing body UEFA has released its statement on the world record transfer involving Neymar and PSG.

There were widespread reports that the Spanish League plans to block the deal from going through because it might breach UEFA’s Financial Fair Play (FFP) rules, but UEFA has released a statement about no complaints so far on the €222m transfer.

According to UEFA’S statements which reads: “We have not received complaints from anyone regarding this matter.

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All clubs in Europe must respect financial fair-play rules and must demonstrate that they do not have losses of more than €30m over three years.

As part of the continuous monitoring of clubs under financial fair play regulations, UEFA will look into the details of this transfer in due course to ensure PSG are compliant with FFP requirements.

The transfer of Neymar to PSG will have an effect on the club finances over several years but the impact of such an operation cannot be judged in advance, notably as PSG could well sell several players for a significant amount.

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We shall therefore only make calculations at the end and make sure that they respect the rules.”

Neymar, has agreed to a 5-year-deal with the Paris club and he  is expected to complete the world record transfer soon.

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Copyright 2018 E247Magazine. Permission to use quotations from this article is granted subject to appropriate credit being given to https://www.e247mag.com as the source.

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