PSG finds itself embroiled in a fresh Financial Fair Play (FFP) dispute involving Kylian Mbappe. Recent reports from France indicate that PSG cannot afford to let Mbappe leave on a free transfer in 2024.
Mbappe‘s contract is due to expire in the summer of 2024, allowing him to entertain new offers starting in January 2024. In order to prevent losing the French superstar on a free transfer, PSG is eager to sell him this summer.
According to a recent report by Loïc Tanzi, a journalist for L’Equipe, PSG made a commitment to include Mbappe’s salary and bonuses in their financial accounts as part of their agreement with the Financial Fair Play (FFP) regulations. In return, they plan to sell Mbappe to balance their books. A free departure could pose significant financial challenges for PSG.
💰 No surprises in L’Equipe’s top-salary list… PSG definitely need to think about what they’re doing and start cutting costs down… pic.twitter.com/wAeoEDoRKB
— PSG Post 🗼 (@PSGPost) March 30, 2023
Kylian Mbappe commands the highest salary in Ligue 1, with reports indicating that the French forward earns $6.5 Million per month during his time in Paris. This substantial salary does not include any bonuses or additional payments. Such financial figures place significant pressure on PSG’s compliance with UEFA’s Financial Fair Play (FFP) regulations.
The club is eager to either sell Mbappe during the summer transfer window or secure his commitment to a new contract. Losing the French forward for free is considered the worst-case scenario for PSG.
PSG set a deadline for Kylian Mbappe’s contract extension
French news outlets have previously reported that Mbappe has shown no interest in renewing his current contract with PSG. New reports from L’Équipe suggest that informal discussions have commenced between Mbappe and PSG. The French superstar is aiming to leave on a free transfer to secure a higher signing fee at his next club.
To prevent any last-minute complications, PSG has established a deadline for Mbappe. The club will give him until July 31 to sign the new contract. If there are no changes by that date, they will attempt to sell him during this summer transfer window.
The French club has a rough history with FFP and is determined to prevent any additional sanctions and the potential risk of being banned from UEFA Competitions.
UEFA has reportedly investigated Paris Saint-Germain on multiple occasions for their violations of the Financial Fair Play (FFP) regulations. In 2014, the club was fined $65 million and faced restrictions on their Champions League squad for two seasons as a result of their non-compliance. Furthermore, in 2019, they were once again fined $11 million for their failure to adhere to the FFP rules.
The pressure from FFP regulations will necessitate a significant restructuring at the Paris Club. The departure of Mbappe will determine whether PSG will need to offload additional star players in order to comply with the rules. The ongoing transfer window saga between PSG and Mbappe has become incredibly thrilling for fans.