The media has been buzzing since Kylian Mbappe's contract extension with Paris Saint-Germain was announced yesterday, especially given the wait from both Real Madrid and Paris Saint-camps. Germain's Kylian Mbappe, whose contract with the Parisians was set to expire in June and allow him to join Real Madrid on a free transfer, broke his pledge to Real Madrid president Florentino Perez and instead extended his deal to stay at the Parc des Princes for another three years.In fact, the 23-year-old Frenchman appeared to be having a great day when he scored a hat-trick against Metz FC in PSG's final game of the season, earning him the man of the match award, the season's top goal scorer title, and the season's playmaker honor. The problem with Kylian Mbappe's contract extension with Paris Saint-Germain is that the specifics of the contract renewal were leaked to the press. Here's a quick breakdown of the Frenchman's PSG contract extension: - Signing bonus of €300 million - After salary taxes, €100 million per year - He will be able to influence the Sporting Director. - He'll have a say in who the coach is. - He has the authority to authorize signings and sales.While it is widely acknowledged that Paris Saint-board Germain's of directors was keen to keep Kylian Mbappe at the French club, I believe they went too far in lavishing him with cash.
To give you a short overview, Neymar Junior's transfer to PSG, which is the most expensive in football history, cost only €222 million, a value that Kylian Mbappe nearly doubled when he signed a contract extension with PSG.
PSG, in my opinion, is steadily eroding football's beauty.
The beauty of football is seeing a low-budget squad overcome a star-studded team, which is nearly impossible when a club goes to great lengths to spend money.In fact, LaLiga president, Javier Tebas, has threatened to report PSG to UEFA for the absurd amount of money they spent persuading a single player to stay in their club, as well as the losses they incur at the end of the day, which is in violation of UEFA's 'Financial Fair Play' regulations.
If UEFA does not intervene to halt PSG now, competitiveness in football may be lost as low-budget teams are eaten up by major clubs with enough cash to splash on players.Furthermore, Mauricio Pochettino and Leonardo, PSG's coach and Sporting Director, will be replaced soon, with Zinedine Zidane emerging as the frontrunner to take over as the club's next coach.
UEFA should hopefully implement Financial Fair Play and put a stop to PSG's spending spree so that other teams may learn a lesson and the beauty and competition of football can be preserved.
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