• Football
  • Boxing
  • UFC
  • Home
  • Football
    • England
    • Transfer News
    • Premier League
    • Champions League
    • Lionel Messi
    • Cristiano Ronaldo
    • EA FC 25
    • Wrexham
  • Boxing
    • Tyson Fury
    • Anthony Joshua
    • Oleksandr Usyk
    • Mike Tyson
    • Jake Paul
    • Logan Paul
  • UFC
    • Dana White
    • Conor McGregor
    • Khabib Nurmagomedov
    • Jon Jones
    • Paddy Pimblett
    • Joe Rogan
  • Other Sport
    • Athletics
    • Formula 1
    • MMA
    • Motorsport
    • NBA
    • Darts
    • NFL
    • Snooker
    • Wrestling
    • Tennis
    • Cricket
    • Golf
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • UNILAD
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube
Qatar instruct PSG to 'aggressively reduce' wage bill as Manchester United takeover claim made

Home> Football

Published 11:25 27 Feb 2023 GMT

Qatar instruct PSG to 'aggressively reduce' wage bill as Manchester United takeover claim made

PSG have reportedly been told to 'aggressively' reduce their wage bill.

Ryan Smart

Ryan Smart

The Qatari owners of Paris Saint-Germain have reportedly ordered Paris Saint-Germain to reduce their wage bill - with the request said to be unrelated to Manchester United.

Qatari businessman Sheikh Jassim bin Hamad al-Thani, chairman of one of Qatar's biggest banks, has submitted a bid to buy United through his foundation.

The bid has been submitted by a separate entity to Qatar Sports Investments, who control PSG.

Advert

The Times claim that QSI want PSG to reduce their wage bill by 30 per cent this summer, due to a UEFA Financial Fair Play (FFP) settlement.

In January, it was announced (via The Athletic) that the club's annual wage bill of £645 million was the record highest for a professional club.

A drop of 30 per cent would reduce that figure to around £450 million, meaning star players will inevitably have to leave the club as a result.

The Times describe this as an attempt to 'aggressively reduce' the wage budget. The link to the UEFA settlement is that PSG have been ordered to reduce their deficits yearly over a three-year period, with potential punishments for failing to do so including a possible ban on Champions League participation.

Advert

Among the club's highest earners are the attacking trio of Kylian Mbappe, Neymar and Lionel Messi, and one of them could leave this summer.

Man Utd takeover: What is the current state of play?

Two bids for United have been publicly confirmed, with one of those belonging to Sheikh Jassim. The other belongs to Sir Jim Ratcliffe and Ineos.

One potential hurdle for the Qatari bid to jump over appeared to be UEFA regulations on multi-club ownership, with two clubs owned by the same entity barred from playing in a UEFA competition.

Advert

But a source has told The Telegraph that Sheikh Jassim would not have placed a bid if he was not "100 per cent convinced" that the takeover would comply with regulations. In addition, those close to the bid have dismissed claims that it is funded by the Qatar Investment Authority (QIA), with QIA the largest shareholder in the Qatar Islamic Bank (QIB) that Sheikh Jassim chairs (as per Market Screener).

A source said: "From our side, we're very confident this would be fully compliant with all regulations and is why Sheikh Jassim is going for it.

"On the point of the QIA and QSI, there is absolutely no ownership operationally, legally or from an advisory perspective. If that would have been the case he would not have gone for this bid. He is potentially investing in the club as a private individual."

Featured Image Credit: Alamy

Topics: Premier League, Manchester United, Paris Saint-Germain, Qatar

Ryan Smart
Ryan Smart

Live in constant hope of the top flight as a Preston North End fan. Written in the past for SPORF, GiveMeSport and more.

Advert

Advert

Advert

Choose your content:

23 mins ago
an hour ago
2 hours ago
3 hours ago
  • Getty
    23 mins ago

    Man City Prepared to Sign Man Utd Player in First Direct Transfer This Century

    Transfers between the Premier League's two Manchester clubs are incredibly rare

    Football
  • Getty
    an hour ago

    Lionel Messi Broke Ballon d'Or Protocol to Make Incredible Gesture

    Messi has won the Ballon d'Or eight times in an amazing career but sometimes even the greatest need to obey the rules

    Football
  • Getty
    2 hours ago

    Steven Gerrard Tipped to Take Wrexham Job in Shock Move

    Steven Gerrard last managed Saudi Pro League side Al Ettifaq.

    Football
  • Getty Images
    3 hours ago

    Marcos Llorente Shares Wild Conspiracy Theory Before Scoring Brace vs Liverpool

    Llorente referenced the theory ahead of Wednesday's Champions League game.

    Football
  • Khvicha Kvaratskhelia's proposed PSG wage revealed as Fabrizio Romano claims he will 'quadruple' what he earns at Napoli
  • Pep Guardiola throws major curveball ahead of PSG clash as shock decision made with 14 Man City players
  • Mikel Arteta called out after shocking claim made in post-match interview following PSG defeat
  • PSG set to launch shock move for Premier League star as sporting director spotted in England