The new financial fair play, a boon for PSG / France / PSG / SOFOOT.com

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It was announced for some time, it is now official: financial fair play has a new look. And with this new version, a much greater freedom offered to clubs to spend always and even more. A boon for Paris Saint-Germain who are struggling to extend their star Kylian Mbappé.

From next June, it will be an open door to the European transfer market. UEFA presented its new version of financial fair play on Thursday. Say goodbye to accounting control and the ban on spending more than you earn. Make way for more freedom and less brakes. Basically, the clubs, which have all suffered from the health crisis, will be able to spend as much as they want on the sole condition of respecting a ceiling on their total budget.

Waiver of sporting sanctions

From next season, salaries, transfer fees and agent commissions cannot exceed 90% of the budget. Then gradually, in order to allow clubs to adapt and update their contract, this threshold will drop to 80% in 2024-2025 then to 70% in 2025-2026. In other words, they will have another three years before undergoing this symbolic ceiling. Another point of attachment, the possibility of indebtedness, if it was covered by the shareholder, is doubled over three years. From 30 million euros until today, it will increase to 60 million euros.

Last important point, and not least, the sporting sanctions are abandoned. No more risk of being excluded from the Champions League or of only being able to register 22 players instead of 25, or even of being banned from transfer. Now it will be a matter of paying if you want to overtake. A simple fine will be imposed, a luxury taxwhose amounts collected will then be redistributed to healthy clubs, in balance, which will respect the new rules.

A new light version in favor of PSG


Clearly, by studying this update, we realize how much it will serve Paris Saint-Germain, who are currently struggling to extend Kylian Mbappé, even if it means blowing up the bill. Some would even speak of a colossal contract with a signing bonus of 150 million euros. In the past, we would have said impossible. The Club Financial Control Body would have found its say and would have prevented the Parisian team from spending so much, especially after signing Lionel Messi last season. But now things are changing.

A club that can claim to have a turnover of more than 600 million euros will thus have the right to devote 90% of this wealth to salaries and transfer expenses. So they can break the bank. To the 300 million payroll already reached this year, they will still be able to add more than 200 million euros in their expenses. And even if they exceed this threshold, they will just have to pay a fine in order to slip through the cracks. Then, even if the ceiling should drop, it is only from 2025-2026, when we are talking about a two-year contract for Mbappé. Magnificent. Clearly, it is a new financial fair play that will serve the interests of PSG.

PSG, Trojan horse of liberalism?

And we are entitled to say that Nasser al-Khelaïfi has something to do with it. The new thinking head of European football, president of the ECA, the club union, and new best friend of Aleksander Čeferin, might have pushed for such a reform. While it was obvious that he was to be part of the dissident clubs, supporters of the European Superleague, that all the Football Leaks documents had updated plans, as early as 2016, which included Paris Saint-Germain in a private competition and autonomous, last April, reversal of the situation: the PSG of Nasser al-Khelaïfi will not be there.

On the contrary, he approached UEFA, which had sanctioned him twice in the past, and was elected president of the powerful union. Behind the scenes, many admit that it was part of a well-executed plan: to get closer to the authorities, to show how close it is to traditional, meritocratic, popular football with the sole aim of modifying it from the inside. As soon as elected, financial fair play changes and is greatly reduced. Ditto on the competition side, with the Champions League changing and turning to a hybrid system, with places offered on the UEFA coefficient. The high point was also reached when, in an interview given to the British media The Athletic, the president of PSG said he wanted to draw inspiration from the NFL and the Super Bowl to improve the image of the Champions League and ask questions about the accessibility of matches for other continents, especially across time zones.

It looks like Nasser al-Khelaïfi is proposing a worse philosophy than that advocated by the neoliberal and globalist Superleague supporters. To be honest, we don’t really see what is popular in this version of football.

By Pierre Rondeau

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