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Crucially for PSG, the test is retrospective and is based on the accounts for the three previous seasons.

We should probably disregard the stories about Barcelona asking UEFA to carry out an immediate FFP investigation; for one thing, there is no facility within the rules for one club to lodge an appeal against a potential breach of the FFP rules by another club, before an FFP Break-Even test has been failed.

We simply don’t know that PSG have made a large loss during 2015/16, 2016//18 seasons combined; for one thing, the season 2017/18 hasn’t finished yet (It's not really started) and who knows what player trading, new sponsorship, ticket sales etc the club could rack up before next June to help them pass the test?

Although logic suggests that they are never going to be able to make the FFP test if they sign Neymar – we don’t know for certain, so UEFA can’t do much… Some Media reports suggest that the c £198m fee for Neymar will be paid by a third party (and not by the club).

Moving from an assessment over one season to an assessment over three seasons has presented some challenges.

Interestingly, rather than introduce the changes on a staggered basis, the Football League has introduced the change in one go.

Transfer embargoes are also available (with the earliest one potentially applying during the Summer 2017 Transfer window.

So, assuming the term is 5 years, that would represent an expense of £40m in the accounts for each of the 5 years of the contract.

Interestingly, if the contract fee were paid direct by QTA and not put through PSG accounts, then presumably there would be no amortisation in the club accounts.

Consequently, the £198m fee would be included as a single amount in the FFP test that takes place in 2018/19 season (when the RPT is identified by UEFA and included in the FFP calculations).

So, if QTA pay the fee and Neymar isn’t amortised, there is no way that the club will pass the 2018/19 FFP test; it is inconceivable that they could claim sufficient increased sponsorship to get them over the E30m maximum for the three seasons if there is a one-off £198m expense.


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