Qatar’s investment in PSG, the historic turning point of French football, continues to have consequences on the balance sheet of the Paris capital team.
DNCG, the body responsible for overseeing the accounts of French football clubs, has just released last season’s balance sheet.
As expected, the defending French football champions suffered an unprecedented loss compared to recent years.
PSG suffered a deficit of up to 368 million euros (specifically 368,712 million euros), prompting UEFA, through sanctions, to send a warning to the club in August.
According to UEFA, the team that owns the Park of the Princes does not respect the Financial Fair Play Law.
The signings of Lionel Messi, Sergio Ramos, Gigio Donnarumma or Achraf Hakimi along with the construction of a squad of more than 30 players have a direct impact on the salary budget.
According to DNCG’s announcement, the total salary that PSG is currently facing is 729 million euros.
In the last season, which runs from July 1, 2021 to June 30, 2022, PSG spent 181 million euros on transfers, including 35 million euros they had to pay Monaco in connection with the purchase of Kylian Mbappe. .
In this regard, there must be an additional €39.44 million which PSG pays in the form of commissions to brokers and intermediaries.
This is the highest starting fee in the whole of French football. To make it easy to imagine, the runner-up Marseille team spent 9 million euros on this, while Monaco spent 10 million euros.
Of the 181 million transfers, PSG spent 22% on agents. The majority belong to the free signings with Ramos, Messi and Donnarumma.
The total revenue of PSG reached a record of more than 669.6 million euros. In contrast, the team of president Al Khelaifi 1,071 billion euros, an unprecedented number.
The club blamed the increased losses on the situation, which led to football stopping for a while.
The figure of 368 million euros is undoubtedly the heaviest accounting loss in the history of French football, exceeding the loss of 224 million euros of PSG itself in the 2020-2021 season.
On the other hand, the wage bill increased by 45% (the 2020-21 season was 503 million euros), forcing PSG to cut its workforce next summer.
It is no coincidence that there are constantly rumors that Messi and Neymar are about to leave Paris. CEO Luis Campos is looking for immediate solutions to avoid sanctions under the Financial Fair Play Act.