PSG forward Kylian Mbappe has signed a three-year contract extension with the club after his contract was due to expire this season. He was heavily linked with Real Madrid with the La Liga champions complaining about their spending. Real was willing to pay €230m for Mbappe on deadline day last season while willing to give him a sign-on fee of £110m and wages of £20m-a-year after tax.
“I would like to announce that I have chosen to extend my contract at Paris Saint-Germain, and of course I am delighted,” PSG forward Kylian Mbappe said. “I am convinced that here I can continue to grow at a club that provides everything necessary to perform at the highest level. I am also delighted to continue to play in France, the country where I was born, where I have grown up, and where I have made my name.”
“This type of agreement attacks the economic sustainability of European football, putting at risk hundreds of thousands of jobs and sporting integrity at risk – not only in European competitions but also in domestic leagues,” the LaLiga said in a statement. “It is scandalous a club like PSG, which last season reported losses of more than €220m, after accumulating losses of more than €700m in prior seasons (while reporting sponsorship income at a doubtful valuation) with a cost of sports staff around €650m for this 2021-22 season, can face an agreement of these characteristics while those clubs that could accept the arrival of the player without seeing their wage bill compromised, are left without being able to sign him. For all of the above, LaLiga is going to file a complaint against PSG before UEFA, administrative and tax authorities in France, and before the competent bodies of the European Union, to continue defending the economic ecosystem of European football and its sustainability.”