PSG president hits out at Barcelona asset sales

PSG president hits out at Barcelona asset sales

Paris Saint-Germain president Nasser Al-Khelaifi has said Barcelona‘s asset sales in the summer to fund signings were “not fair” and suggested UEFA would investigate its legality.

Barca sold stakes in their domestic television rights and Barca Studios, an in-house production company, for over €700 million to allow them to spend more than €150m on the arrivals of Robert Lewandowski, Raphinha and Jules Kounde. Five other players arrived as free agents.

Stream on ESPN+: LaLiga, Bundesliga, MLS, more (U.S.)

“Is this fair? No, it’s not fair… Is it legal? I’m not sure,” Al-Khelaifi said in an interview with Politico published on Wednesday.

“If they allow them, others will do the same. UEFA of course have their own [financial] regulations. For sure they’re going to look at everything.”

Barca were forced to sell off the assets to be able to comply with LaLiga’s strict regulations and register their new signings with the Spanish league.

By selling off 25% of their LaLiga media rights and a 49% stake in Barca Studios — which will now branch out into web3 and blockchain projects — they were able to increase their league-imposed annual spending limit from -€144m to over €600m.

While LaLiga have cleared the funding, Al-Khelaifi’s comments hint that UEFA will delve further into the legality of the business.