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SPORTS UPDATE

PSG to pay UEFA $10m for breach of club finance rules

Paris Saint-Germain must pay 10 million euros ($10 million) for breaking UEFA financial rules, with seven other clubs also punished for overspending since 2018.

UEFA said its club finance investigators ordered prize money from European competitions totaling 26 million euros to be withheld from the eight clubs sanctioned under Financial Fair Play rules.

A further 146 million euros in total punishments could be imposed if the clubs fail to meet financial targets in the next three to four years they have agreed to in settlement deals, UEFA said.

PSG will have the biggest amount deducted. A group of Italian clubs were next in line: Roma must forfeit prize money of 5 million euros, Inter Milan 4 million euros, Juventus 3.5 million euros and AC Milan 2 million euros.

French champion PSG declined to comment on the case, which covered the 2021-22 season when it added Lionel Messi to a super forward line that already featured Kylian Mbappe and Neymar.

AC Milan said in a statement, “We will continue with confidence on the virtuous path towards financial sustainability.” The Italian champion was bought this week by American investors RedBird Capital Partners in a 1.2-billion euros deal that included the New York Yankees as a minority partner.

The other deductions imposed by UEFA were 600,000 euros from Besiktas and 300,000 euros each from Marseille and Monaco.

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