Source: REUTERS/FRANCK FIFE
[Saba Sports News] Paris Saint-Germain (PSG) has reportedly met the UEFA Financial Fair Play rules for the second consecutive year. Two years ago, PSG was fined 55 million euros for breaching the rules, but since then, they have been compliant. In the 2022-23 fiscal year, PSG’s cumulative loss was 110 million euros, a significant decrease from the previous year’s loss of 300 million euros. The reduction in the wage bill, due to the departure of several high-profile players, has had a direct impact on the club’s balance sheet. Additionally, PSG is set to receive 200 million euros in fixed income in the coming weeks, with a significant portion coming from an investment fund and the rest from TV rights and other fees. The club’s unlimited capital in Qatar ensures that they have sufficient funds to cover any losses, even though financial bodies overseeing losses in France require liquidity and solvency.