PSG's Financial Fair Play trouble could soon be a thing of the past
PSG are improving on and off the field and their new sponsorship deals have helped their chances of avoiding a FFP penalty from UEFA.
PSG are over the moon. Aside from things going well on the sporting side of things, it seems they are in the process of sorting out their issues with UEFA and could avoid a ban for not complying with the rules of FIFA Fair Play.
They have already been forced to cut back on their sponsorship from Qatar, which was seen as a way of self-financing. Now though, their new shirt sponsor will help them with their income. Accor will pay €60 million per year to have their brand's logo displayed on the front of the shirt with an agreement made until 2022.
They join the growing list of sponsor that have joined up with the club like Unibet, Renault, Socios.com, Lovebet, Hubside, MSC Cruceros along with the ones that were already there like Ooredoo, Orange, Mumm, American Express, Hugo Boss and Coca-Cola. From these sponsors, they will pocket another €50 million per year.
If that wasn't enough, their situation will likely improve once they change their jersey supplier. They have one more year with Nike, who pay them €25 million a year, but they could treble that figure. They are looking for a new sponsor and Puma have been making moves in this market. They currently working on deals with Manchester City, Monaco along with Atlético Madrid. They could demand the kind of money that they are currently paying Manchester City, €75 million per year, and as such, it looks like PSG's issues with FFP are coming to an end.