(CNN)Not content with making Neymar soccer’s most expensive player, French club Paris Saint-Germain has signed Kylian Mbapp — regarded as among the planet’s most promising teenagers — from Monaco.
The 18-year-old Mbappé, that was born in Paris, will initially make the move to PSG from French champions Monaco on a yearlong loan before signing a permanent deal.
Neither club have revealed the fiscal figures involved in the move, but a fee of $214 million has been widely reported, which might create Mbappé the world’s second most expensive player.
“The international French striker is transferred to a loan basis from AS Monaco until June 30 2018,” said PSG on its Site.
“The loan agreement also includes a call option for Paris Saint-Germain which, when exercised, will bind the player to Paris Saint-Germain until June 30 2022.”
Last season, Mbappé was a key part of a Monaco team that pipped PSG into the Ligue 1 title and also reached the Champions League semifinals. He scored 26 goals.
“It was essential for French football that we maintain and help create such a fantastic talent in our tournament,” PSG president Nasser Al-Khelaifi told the French club’s site.
“One of the players of his age, he is undoubtedly the most promising in the world due to his immense technical, physical and mental qualities.”
‘Joy and pride’
This summer Mbappé has been coveted by some of Europe’s best clubs with Barcelona and Real Madrid reportedly leading the race for the French star, who has now opted to Keep on playing in Ligue 1.
“It is with wonderful joy and pride that I combine Paris Saint-Germain,” Mbappé told the PSG site. “For any young man from the Paris area, it is frequently a dream to wear the red and blue jersey and experience the special feeling of the Parc des Princes.
“I really wanted to be a part of the club’s project, which is one of the most ambitious in Europe.”
But, Mbappé’s transfer may prove a watershed moment for the effectiveness of governing body UEFA’s monetary fair play rules.
Based on Deloitte’s Football Money League report issued in January, PSG’s 2015/16 earnings came to $627 million.
Under the terms of Financial Fair Play, released by UEFA seven decades ago to slow the match’s spending, players’ wages can not constitute more than 70 percent of a club’s income and losses can not exceed €30 million ($35 million) within a three-year interval.
PSG earned an estimated $618 million in 2016/17 — of which over $350m was from commercial sources — according to KPMG’s Soccer Jerseys.
The Neymar fee alone comes to over 42 percent of the club’s entire income last season — leaving aside his reported wages of over half-a-million dollars per week.
Arsenal manager Arsene Wenger has criticized the Neymar deal, calling it “beyond calculation and beyond rationality.”
UEFA declined to comment on the specific details of the Mbappé bargain, but did say in a statement” “As a part of the continuous observation of clubs under fiscal honest play regulations, UEFA will research the details of these transfers in due course to ensure PSG are compliant with FFP requirements.”
PSG have previously fallen foul of FFP regulations and in 2014 they were fined $72 million and had their own Champions League squad reduced from 25 to 21 for failing to crack even for the interval from 2011-2014.
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