Kylian Mbappe: It's a matter of pride to join Paris Saint-Germain

Manchester United's Paul Pogba watches on as Les Bleus were put through their paces

Manchester United's Paul Pogba watches on as Les Bleus were put through their paces

PSG have been making all the news lately following their world record transfer for Neymar Jr. from Barcelona.

The FFP rules require clubs to balance their spending with their revenue.

UEFA has put Paris Saint-Germain's finances under formal investigation, citing "recent transfer activity" that triggered concern the club was again flouting rules created to control excessive spending by top European clubs.

The decision to investigate now, rather than wait for the normal retrospective look at clubs' financial years which begins in March, follows widespread concern and complaints from Barcelona, Real Madrid and the Spanish league president Javier Tebas, that PSG are flouting the rules.

"UEFA considers Financial Fair Play to be a crucial governance mechanism which aims to ensure the financial sustainability of European club football", the ruling body added.

While UEFA is busy trying to investigate the blatant flouting of rules by the club, it appears that Mbappe may not even be a PSG player when Federation Internationale de Football Association 18 releases later this month.

PSG's plight is even more serious because they have already been punished once by Uefa for breaching FFP rules...

Arsene Wenger says that Arsenal wanted to sign Kylian Mbappe this summer, but were unable to afford his transfer fee. However, the double signings mean PSG will need to generate an estimated 125 million euros annually to match its 2015-16 financial statement, although that blow has been softened as Mbappe was taken on a loan deal meaning his transfer will be settled in the next financial year.

PSG are owned by Oryx Qatar Sports Investments, an investment arm of Qatar's sovereign wealth fund.

Both clubs were fined 60 million euros by UEFA in 2014 and subjected to reduced squad sizes in European competition.

On August 23 and 31, the club says one of its officials met with officials from the UEFA Financial Fair Play.

The Uefa statement said its investigatory chamber "will regularly meet in order to carefully evaluate all documentation pertaining to this case".

"The club also reminds, if necessary, that it has under contract many high valued players allowing the club to generate very significant capital gains", the six-time French champions said. The previous year, the club spent more than 50 million euros on signing Ibrahimovic and Silva.

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