Paris Saint-Germain’s Qatari owners have ordered PSG to reduce the wage bill of the club according to reports. However, they have claimed that this request is unrelated to Manchester United.
Previously, Sheikh Jassim bin Hamad al-Thani, a Qatari businessman and the chairman to one of the biggest banks in Qatar had submitted a bid to purchase Manchester United through his foundation.
PSG to aggressively reduce wage bill by 30%
On the other hand, Qatar Sports Investments, who control the Parisian club are a completely separate entity.
According to trusted sources, the QSI have wished for PSG to reduce and lower their wage bill by a margin of 30% this coming summer. This allegedly due to the settlement of the UEFA Financial Fair Play.
Earlier in January, it had been revealed that the French club’s annual wage bill had been a staggering £645 million, which became the record highest bill for any professional club.
The request of the QSI to reduce the annual wage bill by 30% will bring down their numbers spent to about £450 million. Considering the number of star players that PSG currently houses, it would become inevitable for them to leave the club consequently.
PSG to comply with Financial Fair Play and reduce wage budget
This is marked as an attempt of aggressively reducing the club’s budget and this has been done because of a UEFA settlement which orders the club to reduce their spendings yearly over a period of 3 years, it also includes potential punishments in case they fail to do so.
One of the harsher punishments include a total ban from participating in the UEFA Champions League. The club’s star players who earn the most currently are Lionel Messi, Kylian Mbappe, and Neymar, with a possibility of one of them leaving in the coming summer.
Influenced by Manchester United bid by Qatar?
As for Manchester United, the Glazers have confirmed two bids publicly, one of them being from Sheikh Jassim himself, and the other being Britain’s richest man, Sir Jim Ratcliffe.
However, the UEFA regulations clearly state that multi-club ownership is not allowed, a single entity cannot own two clubs that play the same UEFA tournament.
According to sources, Sheikh Jassim would not have placed the bid with such confidence if they were not 100% convinced that a takeover from them would comply the UEFA rules.
