The Club is surprised by this approach given that it has constantly kept the UEFA Financial Fair Play teams informed about the financial impact of all players’ operations carried out this summer, even though it wasn’t obliged to do so. The Club is very confident in its ability to demonstrate that it will fully comply with Financial Fair Play rules for the fiscal year 2017/2018.
The Club reaffirms that it has always operated in total transparency with the European football bodies, with which it has developed trusted relationships over the last six years, demonstrating its upmost respect for the Institution.
In this respect, Deputy CEO Jean-Claude Blanc met with UEFA experts including Andrea Traverso, responsible for UEFA Financial Fair Play, for more than three hours on August 23 at Paris Saint-Germain’s headquarters, where he demonstrated that the operations carried out with FC Barcelona and in progress at that time with AS Monaco followed the rules of Financial Fair Play for the financial year 2017/2018.
On 31st August, the Club’s general management again had exchanges with UEFA Financial Fair Play management to provide a more detailed account of how the transaction with AS Monaco would be integrated into the Club’s accounts for this season, in terms of amortization and payroll, in compliance with French accounting standards and IFRS.
Furthermore, as for the summer of 2017, the Club has already completed outgoing player transactions that helped improve Club results by more than 104 million euros for the 2017/2018 season.
The Club also reminds, if necessary, that it has under contract many high valued players allowing the Club to generate very significant capital gains in the next two transfer windows (January and June) of 2018.
With the arrival of these two top players joining a high-quality team, the Club is entering a new phase in its project to build a top-tier club and a world leading sports franchise. The Club has demonstrated in recent years that it has the ability to grow its income exponentially and anticipates an additional 20 to 40% increase on all revenue streams available to the Club (International Revenue, Sponsorships, Merchandising, Ticketing, TV rights, income related to sports results, summer and winter tours…).
In the interests of dialogue and transparency, the Club will continue its exchanges with UEFA in the coming days and will respond, as it always has done, to each of the questions raised by the European body.