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PSG appeals to UEFA to stop FFP investigations

PSG appeals to UEFA to stop FFP investigations

November 5, 2018 By Emmanuel K. Budu-Annor
The club’s actions follow the European football governing body’s decision to reopen investigation into an alleged overspending.

Paris Saint-Germain has filed an appeal to the Court of Arbitration for Sport (CAS) to prohibit UEFA from revisiting its verdict of clearing the club of breaching Financial Fair Play regulations. Back in June, the French champions were initially acquitted of any wrongdoings. However, in September, UEFA revealed that the ruling could be overturned.

On Monday, a statement by the Court of Arbitration for Sport (CAS) revealed that the French capital club had registered a petition to halt UEFA's decision to continue probing. The statement 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."

The ongoing development is as a result of the arrivals Neymar Jr. and Kylian Mbappe in 2017. Paris Saint-Germain is believed to have paid €222 million and €180 million to sign the duo from Barcelona and AS Monaco respectively.

In order to balance their books and avoid sanctions, the club was asked to generate enough funds through transfers per the request of UEFA. Consequently, UEFA's Club Financial Control Board (CFCB) closed the investigation in June 2018 by admitting that the French side had successfully conformed with the rules for the financial years ending in 2015, 2016 and 2017.

Nonetheless, in July, the head of the CFCB asked for the stance taken by the organization to be reviewed, hence the recommencement of the investigations in September.

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