PSG fined 700 thousand euros

Paris Saint-Germain (PSG), one of the French First Football League (Ligue 1) teams, was fined 700,000 euros for delaying payments to companies that purchased sports equipment between January-June 2018.

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In a written statement from the Ministry of Economy, the Anti-Unfair Competition and Consumer Protection Authority (DGCCRF), it was stated that PSG was fined 700 thousand euros for delaying payments to companies that received materials before the new type of coronavirus (Kovid-19) epidemic.

In the statement made by the club, it was reported that the penalty was objected, but not accepted.

Clubs, institutions and companies that delay payments are fined between 375,000 and 2 million euros in France.