PSG have their sights set on Real Madrid once again. Their coach Laurent Blanc has claimed that UEFA should take into account debt levels under the Financial Fair Play rules, arguing that all aspects of club financing should be taken into account, in order to “limit the ability to sign of clubs with high levels of debt, like Real Madrid”. The Spanish club had 602 million euros of gross debt, at the date of its most recent accounts.
The public demand from Blanc is backed up by a campaign from PSG in the corridors of power at UEFA. The French club, along with Manchester City, the two sides hit by FFP sanctions, are demanding the inclusion of a debt clause in the FFP rules. UEFA are studying the situation.
At the moment FFP only looks at excessive investment by owners and punishes clubs that record constant losses in their accounts. In terms of debt therefore, the overall interest on debt is looked at (as a cost the club must be able to service), but not the total amount of money outstanding.
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