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UEFA to reopen investigation against PSG regarding Financial Fair Play

November 17, 2019 | By admin | No Comments | Filed in: nibtjzsrs.

first_imgUEFA’s Club Financial Control Body (CFCB) will review its decision to clear French side Paris Saint-Germain of breaking Financial Fair Play (FFP) rules after breaking the bank for Neymar and subsequently agreeing a ‘huge’ deal for Kylian Mbappe.PSG signed Neymar for a world record fee of 222 million euros from Barcelona and also sealed a loan move for French teenager Mbappe from AS Monaco with an obligation to buy for a fee of something in the region of 180 million euros, according to media reports.The club were cleared of breaking FFP rules last month following a UEFA investigation but UEFA says judges on its club finance monitoring panel will review a decision by investigators that PSG’s accounts to June 2017 complied with “Financial Fair Play” rules.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.The rules oversee spending on transfers and wages by all clubs which qualify for the Champions League and Europa League. UEFA can exclude clubs in serious cases. The review adds pressure on the French champions which UEFA asked last month to raise cash selling players before its latest financial year closed last weekend.Teams can be thrown out of European competition for breach of rules but UEFA has in the past negotiated settlements with offending clubs.”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.advertisement”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.PSG sold midfielder Javier Pastore to Roma last week for 24.5 million euros ($28.6 million) to help balance accounts made lopsided by the world-record deal to buy Neymar from Barcelona last August.UEFA investigators also said Qatar-owned PSG overstated the market value of sponsor deals from the emirate.(With inputs from agencies)last_img read more

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Fort Lauderdale officer dies in Coral Springs crash

September 15, 2019 | By admin | Comments Off on Fort Lauderdale officer dies in Coral Springs crash | Filed in: zuwcxmlkn.

first_imgCORAL SPRINGS, FLA. (WSVN) – A Fort Lauderdale Police officer was killed and a fire rescue officer was taken to the hospital after, authorities said, a car rear-ended their vehicle in Coral Springs, early Saturday.According to Coral Springs Police, 30-year-old Christopher Sheehan was at the wheel of a 1995 Jeep Wrangler when a 2010 Dodge Challenger crashed into him near U.S. 441 and Wiles Road, at around 2:30 a.m. He was pronounced dead at the scene.Paramedics transported Sheehan’s passenger, Fort Lauderdale Fire Rescue Capt. Jacob Snowhite, to Northwest Medical Center with injuries that were not life-threatening. The 41-year-old remained in the hospital on Sunday.The driver of the Challenger, identified as 29-year-old Margate resident Joselyn Lopez, stayed at the scene. She was not injured.Investigators said speed and alcohol may have been contributing factors in the crash.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

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