(Reuters) - Paris St Germain's signing of Lionel Messi has re-ignited a debate over the effectiveness of UEFA's Financial Fair Play (FFP) rules, which were designed to curb excessive spending but have been relaxed in the last year due to the coronavirus pandemic.
The rules were introduced in 2009 to prevent clubs spending beyond their means and distorting the market, requiring teams to break even and keep wages and transfer fees in line with income.
"We know the rules of Financial Fair Play and we will always follow the regulations," said PSG chairman Nasser Al-Khelaifi at Messi's presentation on Wednesday. PSG have also splashed out 60 million euros on fullback Achraf Hakimi from Inter Milan while the signing of Messi -- who will pocket a reported 25 million-euro signing-on fee and annual salary of 63 million -- has inflated their wage bill even further.
Traverso suggested new rules should focus on the present and future rather than punishing clubs for past excesses. The Catalans were also at the mercy of LaLiga's financial fair play rules, which sets each club a maximum budget each season according to their expected income.
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