UEFA probes PSG after world record purchase of Neymar

UEFA has opened a financial fair play investigation into Paris Saint-Germain.

The European football governing body made the announcement on its website on Friday.

PSG had last month paid a world-record transfer fee of £198m to Barcelona for Brazilan star Neymar.

The French side also recruited Monaco forward Kylian Mbappe on loan, with an option of paying £166m for the player next summer.

UEFA is expected to probe whether PSG violated its financial fair play rules in both transfers.

“The Investigatory Chamber of the UEFA Club Financial Control Body has opened a formal investigation into Paris Saint-Germain as part of its ongoing monitoring of clubs under Financial Fair Play (FFP) regulations,” the statement read.

“The investigation will focus on the compliance of the club with the break-even requirement, particularly in light of its recent transfer activity.

“In the coming months, the Investigatory Chamber of the UEFA Club Financial Control Body will regularly meet in order to carefully evaluate all documentation pertaining to this case.

“UEFA considers Financial Fair Play to be a crucial governance mechanism which aims to ensure the financial sustainability of European Club Football.

“UEFA will make no further comments on this matter while the investigation is ongoing.”