Manchester City and PSG have reported to UEFA following new allegations of Financial Fair Play.
Manchester City and Paris Saint-Germain are once again targets of La Liga president Javier Tebas' onslaught against what he refers to as "State-controlled" teams.Manchester City and Paris Saint-Germain have been reported by La Liga to UEFA for allegedly violating the Financial Fair Play regulations.
The Premier League's spending regulations, according to La Liga president Javier Tebas, "do not exist," and the league's finances are out of control. Erling Haaland, who came to the Etihad for £51 million, was acquired by City before Real Madrid, while Kylian Mbappe, who signed a three-year, astounding £200 million contract, was passed over by Real Madrid.
After Tebas threatened legal action after Mbappe made a last-minute U-turn to reject Real Madrid to stay, La Liga notified City of FFP breaches in April while they filed a complaint against PSG last week.
"La Liga realizes that the irregular financing of these clubs is carried out, either through direct financial infusions or through sponsorship and other contracts that do not conform to market conditions or make economic sense," the La Liga statement read.
According to La Liga, these actions damage all European clubs and leagues and only serve to artificially inflate the market with funds that aren't coming from the game of football itself.
Both Manchester City and PSG have been contacted for comment and have vehemently denied wrongdoing in the past.
A two-year Champions League ban issued on City by Uefa for Financial Fair Play violations was overturned by the Court of Arbitration for Sport in July 2020. UEFA does have the authority to punish clubs that violate the FFP regulations, but they have softened their spending restrictions in the wake of Covid, raising the maximum fine for three years from £25 million to £50 million and allowing some clubs an additional £10 million if they are in "good financial health."In addition, Premier League clubs are annoyed by Tebas' constant rants since Ousmane Dembélé, who joined Barcelona for £118 million, has an expired contract and is free to depart. Although Philippe Coutinho cost £120 million, he has also been a financial nightmare for Barcelona, who must now sell players before they can sign new ones because they overspent and are now hundreds of millions of pounds in debt.
Some English teams believe Tebas' comments to be disingenuous given that the Spanish legal system has ruled against Barcelona and Real Madrid for receiving tax breaks that were deemed unlawful.Tebas, however, noted that our financial controls—which are distinct from those of UEFA or those in other nations where they don't exist—are what have made our league a financially sustainable one. The pandemic undoubtedly resulted in losses, but they aren't losses that have prevented players or the Tax Agency from being paid.
"The clubs have survived, either because they had the money or because they were able to take on debt. That illustrates how fiercely competitive we are.
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