Paris Saint Germain have reached an agreement in principle with Ligue 1 rivals Monaco to loan striker Kylian Mbappe, an agreement which includes a €155m purchase option.
PSG had been negotiating with Monaco and UEFA over the past week as all parties try to reach a deal that would not contravene financial fair play rules after they signed Neymar from Barcelona for €222m (£198m) earlier this summer, with a deal concluded on Sunday night with green light from UEFA.
The agreement would see Mbappe joining on an initial loan deal with a purchase clause for the young Frenchman, a clause that could is not attached with any obligation to be fulfilled by next summer.
There is, however, a significant loan fee that PSG has to pay for Mbappe, who had produced a brilliant show consistently for Monaco both in the Champions League and in Ligue 1, as the teenager prepares for his medical in the French Capital later today.
On the other hand, it would mean that Monaco’s roster is once again being thinned after members of their Ligue 1 winning squad in Bernardo Silva, Tiemoue Bakayoko and Benjamin Mendy all joined Premier League clubs.
UEFA had been clear that its Financial Fair Play (FFP) rules do function and the president, Aleksander Ceferin, said on Friday that it would punish clubs “severely” if they do not comply with the rules.
“I am very serious,” he said last Friday. “We will try to help [the clubs understand the rules]. We will try to advise them on FFP. But if they don’t comply we will punish and we will punish severely.”
“I am not talking about [just] PSG. I am talking about every club in Europe. We are monitoring the situation, the transfer window is not closed yet. Trust me, we’re working on it.”
FFP was introduced by UEFA seven years ago to stop clubs involved in European competition from spending more than they earn, with the core principle that beyond a small loss currently set at €5m over three years, clubs’ outgoings must match their incomings.