Kylian Mbappé stays at PSG: the transfer decision as it happened

LaLiga on the transfer of Mbappé

Here is the statement from LaLiga who run the Spanish league and clearly hoped that Mbappé would come to Real Madrid:

LaLiga would like to state that this type of agreement undermines the economic stability of European football, putting hundreds of thousands of jobs and the integrity of sport at risk, not only in European competitions, but also in the national leagues. .

It is outrageous that a club like PSG, which last season recorded losses of more than 220 million euros after racking up losses of more than 700 million euros in previous seasons (while declaring sponsorship revenue at a dubious valuation), with a team costing around 650 million for this season, can make such a deal, while clubs that could afford the player’s hiring without seeing their compromised payroll, are left without being able to sign it.

LaLiga will file a complaint against PSG before UEFA, the French administrative and tax authorities and the authorities of the European Union to continue to defend the economic ecosystem of European football and its sustainability.

In the past, La Liga have complained to UEFA over PSG’s failure to comply with Financial Fair Play. These complaints were successful and UEFA sanctioned the club, while the Court of Arbitration for Sport (CAS), in a bizarre decision, overturned the sanctions.

LaLiga and many European football institutions hoped that PSG President Nasser Al-Khelaifi, after entering European football management bodies such as the UEFA Executive Committee and the Presidency of the European Club Association (ECA), would refrain from these practices knowing that they cause serious harm, but the opposite has been true. PSG assumes an impossible investment, given that it has an unacceptable payroll and significant financial losses in previous seasons. It violates current UEFA and French economic control rules.

This behavior demonstrates once again that state clubs do not respect and do not want to respect the rules of a sector as important as football. These rules are essential to protect and maintain hundreds of thousands of jobs.

This kind of behavior led by Al-Khelaifi, president of PSG, member of the executive committee of UEFA and president of ECA, endangers European football in the same way as the European Super League.

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