Still in UEFA’s sights, Paris Saint-Germain and Olympique de Marseille had to respond to a information request credit on their accounts within the framework of financial fair play.
UEFA closely monitors the finances of PSG and OM
For several years, Paris Saint-Germain and Olympique de Marseille have regularly discussed finances with UEFA. Closely watched in the context of financial fair play, the two French clubs have often had to justify themselves in the face of the losses recorded in previous years. And it’s not over since they are still in the sights of the Club Financial Control Authority (ICFC).
According to information from L’Equipe, PSG and OM had to respond several weeks ago to a information request additional information on their accounts from financial fair play experts. Without giving more details, the sports daily explains that UEFA wants details on their financial situation. In total, around thirty clubs are in the same situation. Depending on the answers provided, a procedure could be opened by the ICFC against the two Ligue 1 teams.
PSG and OM are confident
We are not there yet. Moreover, the Parisians and the Marseillais assure not to fear a sanction. There were exchanges and additional documents were indeed requested from us, confirms OM L’Equipe. We have given them and, from our point of view, it will be resolved. Our accounts are doing better than they were. The club is getting back on track. There are now far fewer losses and we aim to be even next season. .
On Sunday, L’Equipe revealed that PSG would end the 2021-2022 financial year with losses estimated at between 200 and 300 million euros. And this, after having already recorded €225 million in losses in 2020-2021. For its part, OM posted net losses of €76.4 million as of June 30, 2021. They came on top of the poor results of previous years: €310.1 million between 2017 and 2020. But, obviously, the champion de France and his runner-up are confident. Case to follow…
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