PSG penalised for FFP breaches

Paris-Saint Germain have been penalised for breaches of UEFA’s Financial Fair Play (FFP) rules, it was announced on Friday.

The French champions have been hit with a fine of €60million, and their UEFA Champions League squad will be reduced to 21 players for next season.

Of PSG’s fine, €40m will be returned to the club if they comply with the measures set by the Club Financial Control Body (CFCB), and a statement released by UEFA explained that the club had agreed to “significantly limit spending in the transfer market for seasons 2014-15 and 2015-16”.

If PSG comply with the break-even targets set by the body, they will “gradually be released from the restriction as regards the registration of players in UEFA club competitions,” a statement from European football’s governing body added.