Sunday, November 18, 2018

PSG appeal to CAS to stop UEFA investigation

SoccerNews in Ligue 1 5 Nov 2018

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Paris Saint-Germain have appealed to the Court of Arbitration for Sport (CAS) to stop UEFA re-examining their decision to clear the club of breaching Financial Fair Play (FFP) regulations.

European football’s governing body opted to review the investigation in July, having cleared the Ligue 1 champions of contravening FFP a month earlier.

PSG, who in 2017 signed Neymar for a world-record €222million and Kylian Mbappe on an initial loan before making the deal permanent for €180m, raised funds of around €50m through transfers at the request of UEFA to avoid sanctions for the 2015, 2016 and 2017 financial years.

A statement from CAS read: “The Court of Arbitration for Sport (CAS) has registered an appeal filed by the French club Paris Saint-Germain Football SASP (PSG) against a decision rendered by the European Football Association (UEFA) in September 2018.

“At the parties’ request, the procedure will be conducted on a confidential basis with the exception of the final Award which will be published.

“In these circumstances, CAS is unable to provide any further information regarding the matter.”

 

 

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