Nyon - UEFA lifted sanctions against both Manchester City and Paris Saint
Germain on Friday and both sides now freed of their financial shackles
will launch into the transfer market.
But while PSG president
Nasser al-Khelaifi said there was not an "unlimited" budget and new
purchases would be carefully chosen, City look set to spend big-time.
star Kevin de Bruyne, presently at German Bundesliga runners-up VfL
Wolfsburg, Juventus' French midfielder Paul Pogba and Liverpool's
English international striker Raheem Sterling are their main targets.
trio could cost City - who failed to put up a strong defence of their
league title and ended up trophyless last season - an estimated
Paris Saint Germain,
owned by a Qatar government company, and City were among the first major
targets of UEFA president Michel Platini's Financial Fair Play (FPF)
rules aiming to punish clubs run at a loss.
subsidised spending and Champions League squads were limited under UEFA
sanctions, which al-Khelaifi confirmed have been lifted.
"We are very pleased with this constructive and fair decision," the president said in a statement on the club's website.
decision will allow the club to resume its development. We are now able
to really act on the transfer market that opened on June 9," he added.
the past two years, we have achieved excellent financial results in all
areas of the club, especially in sponsorship, revenue related to the
stadium and merchandising.
"All these measures taken by the club led to a positive financial result in 2014/15 and with no debt.
still have room to progress with the Parc des Princes renovation
project. We are working on an expansion of our stadium to increase
capacity to 60 000 seats. Ultimately, this transformation of the arena
will increase our revenues."
Al-Khelaifi insisted though that the
Parisian giants, who have been linked with a number of big signings,
cannot splurge wildly on new players.
Under the deal with UEFA
that ended the sanctions, the club will "have to submit financial
results including balanced financial results" for 2015/16, the president
"So we will spend our money on well targeted players as we
have always done to help the club grow. We will not have an unlimited
budget," added the Parisian president.
Under the sanctions placed
on the Ligue 1 champions last year, the club were not allowed to spend
more than 60 million euros on transfers and could only register 21
players for last season's Champions League campaign, in which they lost
in the quarter-finals to eventual winners Barcelona.
Now freed from the constraints, last season's domestic quadruple winners will have even loftier ambitions.
goals are clear and you can be certain that Paris now, more than ever,
has the will to fight to achieve a place at the summit of European
football," assured Al-Khelaifi.
Laurent Blanc guided Paris to the
French title, French Cup, Super Cup and League Cup as they swept all
before them in France last season.