LaLiga president Javier Tebas laid out clearly that the €222m from Paris Saint Germain to pay for Neymar’s buy-out clause would not be accepted and that has been the case.
Tebas believes the key was to check the “financial volume” from their sponsors and that the Neymar case is a clear example of “financial doping”
“If PSG come with the money for the buy-out clause for Neymar, then we wouldl not take it.” Tebas had said on Wednesday and this is what happened when lawyer Juan de Dios Crespo went with a cheque to the LaLiga offices.
LaLiga believe that PSG have broken Financial Fair Play rules and feel that UEFA, and its chief Andrea Traverso, have not acted correctly.”Traverso knows that the PSG problem is not that their losses are greater than 30 million euros in three years but that they have inflated their income,” Tebas told As.
Financial fair play was approved in 2010 and the first assessments kicked off in 2011. Since then clubs that have qualified for UEFA competitions have to prove they do not have overdue payables towards other clubs, their players and social/tax authorities throughout the season. In other words, they have to prove they have paid their bills.
Since 2013, clubs have also been assessed against break-even requirements, which require clubs to balance their spending with their revenues and restricts clubs from accumulating debt. In assessing this, the independent Club Financial Control Body (CFCB) analyses each season three years’ worth of club financial figures, for all clubs in UEFA competitions, The first sanctions and conditions for clubs not fulfilling the break-even requirement were set following this first assessment in May 2014. The conditions relating to non-compliance with break-even requirements were effective for the 2014/15 campaign.
From June 2015, UEFA updated its regulations (as it does from time to time for all regulations) to address some specific circumstances with the aim to encourage more sustainable investment while maintaining control on overspending. Situations addressed include clubs requiring business restructuring, clubs facing sudden economic shocks and clubs operating with severe market structural deficiencies in their operating region. For the first time the work of the CFCB is potentially expanded to include clubs not yet qualified for UEFA competitions but who anticipate and want to participate at some stage in the future.
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