PSG agree deal to sign David Luiz For £50m
Abiodun Elegbede in London
“They may have just been sanctioned by UEFA for breaching Financial Fair Play rules but Paris Saint-Germain is showing no sign of putting away the checkbook”.
French champions announced an agreement has been reached with Chelsea late Friday to sign Brazil international defender David Luiz subject to the player passing a medical and agreeing personal terms.
Information this morning revealed the deal is staggering £50m contrary to speculated £67m, which would have made him the highest paid player.
“Paris Saint Germain, Chelsea and David Luiz would like to confirm that they reached an agreement regarding the terms of an upcoming transfer of the Brazilian defender that would occur during the next transfer window which is due to start on 10th June 2014,” read a statement released by PSG.
“In accordance with the player’s wish to prepare for and play in the World Cup in his home country in the best possible conditions, both clubs and David Luiz wished to reach an agreement as soon as possible.”
How the Parisians aim to incorporate the deal into their commitments to comply with UEFA’s new financial regulations remains unclear, however.
Selling players or increasing revenues is a possibility but president Nasser al-Khelaifi has publicly stated his intention to continue to invest in the team.
PSG were sanctioned last week along with English champions Manchester City for breaking FFP rules which aim to stop clubs getting into unmanageable debt or allow wealthy benefactors to give top teams and unfair advantage.
Backed by the Qatar Investment Authority, PSG have spent hundreds of millions of dollars on some of the world’s best players like Zlatan Ibrahimovic, Edison Cavani and Ezequiel Lavezzi in recent years.
