PSG bad payer? Still, the capital club was fined 700,000 euros for late payments.
The biggest budget of the French elite, one of the most powerful clubs on the football planet in terms of financial resources and assets, can obviously have some trouble paying its bills. The story is indeed hardly believable but the PSG is now pinned down by DIRECCTE, the regional directorate for enterprises, competition, consumption, work and employment.
On its official website, the Ile-de-France service directly attached to the Ministry of Labor and the Ministry of the Economy and Finance announced on Monday that the club in the capital was fined 700,000 euros for an accumulation of delays payment from its suppliers. ” Failures committed during a period prior to the health emergency following the Covid-19 epidemic », Specifies the DIRRECTE of Ile de France.
The repression of fraud seized
” Pursuant to Articles L. 441-16 a) and L. 470-2 of the Commercial Code, a fine of € 700,000 was imposed by the Regional Directorate for Enterprises, Competition, Consumption, Labor and employment (DIRECCTE) of Ile-de-France against the company PSG FOOTBALL for delays in the payment of invoices from its suppliers. The discovery of these delays was carried out by the services of DIRECCTE as part of an investigation launched by the DGCCRF (the General Directorate of Competition, Consumption and Fraud Control, editor’s note) on compliance with the rules of the Commercial Code in terms of payment terms », Can we read in a press release.
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