Report: UEFA Finds Overstated PSG Sponsorships in Probe of Neymar, Mbappe Deals

A UEFA investigation into Paris Saint-Germain's finances has reportedly found that the club overstated the value of sponsorship contracts, casting doubts over how they funded deals for Neymar and Kylian Mbappe in the summer.

According to the Financial Times, the Ligue 1 side overstated values to the worth of around €200 million. The probe was launched by UEFA after the club spent big to land the two forwards aforementioned.

PSG responded to the reports and "deplore erroneous bits of information in the British press" that surfaced ahead of a UEFA meeting, per Jonathan Johnson of ESPN FC.

The club is said to be facing "a large fine or a ban from taking part in the UEFA Champions League, Europe's most prestigious club competition" if it's found they failed to comply with financial fair play regulations, per the Financial Times.

A source quoted in the same report said "the big question, clearly, is UEFA going to be brave enough to enforce their own rules? If not for PSG, then frankly why bother?"

PSG purchased Neymar from Barcelona for €222 million. The deal to sign Mbappe from Monaco is an initial one-year loan deal, with an obligation to buy the player at the end of the current season included; the transfer could eventually amount to €200 million, according to the Financial Times.

In addition, it's said the pair's annual salary comes in at €40 million combined over the course of their five-year deals.

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UEFA has hired sports consultancy firm Octagon to look into PSG and their sponsorship partners, as there were concerns that some of their income came from "related parties" to the club's Qatari ownership, the Financial Times added.

"According to two people with knowledge of the review, PSG’s sponsorship contracts are considered to have been 'significantly overstated' compared with the assessment of their fair value," the report continued.

Now PSG will reportedly have to justify the value of various deals in order to avoid being punished by European football's governing body. A decision is said to be scheduled for the end of PSG's financial year in June.

This is not the first time PSG's spending has been under the microscope, as they were fined €60 million for breaching FFP regulations in 2014.