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Uefa fires warning at PSG over FFP rules

Uefa, football’s European governing body, has ordered French Ligue 1 club Paris Saint-Germain to raise as much as €60m ($71m) by the end of this month in order to comply with Financial Fair Play regulations.

Uefa has been investigating PSG’s finances since September, but the club has been cleared of breaching FFP rules at this point. However, Uefa said that the club’s transfers dating back to last summer – including the addition of Neymar (pictured) to the squad for a world-record fee – would remain “under close scrutiny”.

The governing body said that its investigators had found that the club had overstated the value of “several club sponsorship contracts”.

Uefa’s club finance judging panel can make further interventions after PSG completes its annual accounts.

Uefa said: “The financial impact of transfer activities as from the 2017 summer – up to and including the upcoming transfer window – and compliance with the break-even requirement for the 2018 financial year will remain under close scrutiny and will be thoroughly looked at in the coming weeks.”

Elsewhere, Turkish Super Lig champion Galatasaray has been fined €6m for breaking FFP rules. The club could be handed a further €9m fine if it fails to reach full break-even compliance by the 2021-22 season.

PSG’s French Ligue 1 rival Marseille was also fined €100,000 for a “minor breach” of the regulations, while Israeli top-tier club Maccabi Tel Aviv will enter “settlement agreements” to satisfy the rules after being found to be non-compliant.