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UEFA set to investigate PSG over financial fair play

UEFA have confirmed that French outfit Paris Saint-Germain will be investigated over financial fair play after the outrageous spending during this summer’s transfer window.

The Ligue 1 outfit spent a world record sum of £200m on the Brazilian winger Neymar. The Qatari owned club then went on to splash £165.7m on the Monaco forward Kylian Mbappe.

UEFA introduced the financial fair play regulations back in 2013 which require clubs to balance their spending with their revenue.

As per the Deloitte records, PSG had a revenue of £389.6m during the 2015-16 financial year. According to the FFP regulations, clubs are allowed to spend 30 million Euros more than they earn over a three-year period.