July 3, 2018 / 2:35 PM / 5 months ago

UEFA to review financial fair play decision on PSG

Soccer Football - Ligue 1 - Paris St Germain vs Olympique de Marseille - Parc des Princes, Paris, France - February 25, 2018 Paris Saint-Germain’s Neymar celebrates after their second goal, an own goal by Marseille's Rolando (not pictured) REUTERS/Stephane Mahe

(Reuters) - UEFA’s Club Financial Control Body (CFCB) will review its decision to clear French champions Paris St Germain of breaking Financial Fair Play (FFP) rules after last year’s transfer spending spree, European soccer’s ruling body said on Tuesday.

PSG, who signed Brazil striker Neymar for 222 million euros (196.39 million pounds), also sealed an initial loan move for France forward Kylian Mbappe from AS Monaco in a deal media reports said would be worth 180 million euros when they buy him.

The club were cleared of breaking FFP rules last month following a UEFA investigation.

“In light of the decision of the CFCB chief investigator to close the investigation into PSG, the chairman of the CFCB has decided to send this decision for review by the adjudicatory chamber,” UEFA said in a statement.

“This announcement does not pre-judge in any way the result of the review to be conducted by the adjudicatory chamber of the CFCB,” it added.

FFP rules ban clubs from spending more than their generated revenue, a policy introduced to prevent rich owners from trying to buy success and distorting the transfer market.

Teams can be thrown out of European competition for breach of rules but UEFA has in the past negotiated settlements with offending clubs.

Reporting by Shrivathsa Sridhar in Bengaluru, editing by Ed Osmond

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