Spanish league says new Mbappe contract puts integrity of sport at risk
La Liga is to file a complaint against French club Paris St Germain (PSG) before UEFA, the “French administrative and fiscal authorities” and European Union authorities after the club extended striker Kylian Mbappe’s contract to 2025 years in a deal under which PSG were reportedly prepared to offer a €150 million signing on fee.
It was reported that Mbappe had previously agree the terms of a transfer to Spanish club Real Madrid.
La Liga reacted angrily to the news that Mbappe had signed an extension to his PSG contract.
“La Liga wishes to state that this type of agreement attacks the economic stability of
European football, putting at risk hundreds of thousands of jobs and the integrity of the sport, not only in European competitions, but also in domestic leagues,” a La Liga statement said.
“It is scandalous that a club like PSG, which last season reported losses of more than €220 million after accumulating losses of more than €700 million in prior seasons (while reporting sponsorship income at doubtful valuation), with a squad cost around €650 million for this season, can close such an agreement, while those clubs that could afford the hiring of the player without seeing their wage bill compromised, are left without being able to sign him.”
The statement added that LaLiga will file a complaint against PSG before UEFA, the French administrative and fiscal authorities and European Union authorities to “continue to defend the economic ecosystem of European football and its sustainability”.
The statement also highlighted that, in the past, LaLiga has complained to UEFA for non-compliance with financial fair play by PSG.
“These complaints were successful and UEFA sanctioned the club, while the Court of Arbitration for Sport (CAS), in a bizarre decision, reversed the sanctions,” the statement said.
It continued: “LaLiga and many European football institutions had hope that PSG President Nasser Al-Khelaifi after entering bodies of European football management such as the UEFA Executive Committee and the presidency of the European Club Association (ECA) would abstain from these practices knowing they cause grave damage, but the opposite has been true. PSG is assuming an impossible investment, seeing that it has an unacceptable wage bill and large financial losses in prior seasons. It is violating current UEFA and French economic control rules.”