Paris Saint-Germain has appealed to the Court of Arbitration for Sport (CAS) to stop UEFA from re-examining their decision to clear the club of breaching Financial Fair Play (FFP) regulations.
The Ligue 1 champions were cleared of contravening FFP earlier this year. However, the European football’s governing body opted to review the investigation again in July.
The Financial Fair Play program requires clubs to approach break-even on football-related business, such as player trading and wages. Along with assessing the fair market value of sponsorship deals.
PSG signed Neymar for a world-record €222million. Kylian Mbappe was signed on an initial loan before making the deal permanent for €180m. The funds raised were of around €50m through transfers at the request of UEFA to avoid sanctions for 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.”
In April 2017, UEFA released PSG from their settlement deals for complying with three years of stricter monitoring.
UEFA opened an investigation soon after the Mbappe loan. They warned PSG to raise cash quickly from player sales to balance its 2017-18 accounts. UEFA also said some sponsor deals, including from Qatar, were overvalued.
Nonetheless, investigators for UEFA’s Club Financial Control Body closed their scrutiny of PSG’s accounts for the year through June 2017. This was before the Neymar signing.
The UEFA panel’s judging chamber reviewed the decision and in September sent the case back for a “deeper investigation.”
It is that move which PSG is challenging at CAS.
The sports court’s judges must first decide if it is possible to appeal a procedural step.