The Spanish league has lodged a grievance with the European Commission regarding the “financial mechanisms” employed by Paris Saint-Germain, owned by Qatar.
La Liga mentioned in a press release made public Saturday that it was appearing beneath new European Union rules of overseas subsidies.
It argues that PSG – owned by Qatar Sports Investments since June 2011 – has an unfair benefit out there for gamers and coaches.
“La Liga has filed a criticism alleging that PSG has obtained overseas subsidies from the State of Qatar, which has allowed it to enhance its aggressive place, thus producing vital distortions in a number of nationwide and EU markets,” the league mentioned.
In January, the European Commission – the manager arm of the EU – handed new rules relating to overseas subsidies granted to firms contained in the EU.
The new guidelines, in accordance with the EU, give “the Commission the ability to research monetary contributions granted by non-EU international locations to firms participating in an financial exercise within the EU and redress, if wanted, their distortive results.”
The Spanish league alleges that funds PSG obtained from Qatar allowed the document 11-time French champion to pay out-of-market costs to signal high abilities.
Spanish league president Javier Tebas has typically argued this, utilizing as examples PSG’s capacity to pay the 220 million euros (then $260 million) buyout clause to get Neymar from Barcelona and managing to re-sign Kylian Mbappe when he was needed by Real Madrid.
Source: www.dailysabah.com
