Teenage soccer sensation Mbappe joins PSG from Monaco

Paris Saint-Germain have signed French young forward Kylian Mbappe from AS Monaco on a season-long loan deal.

The Ligue 1 side also brought in Dani Alves from Juventus this summer, who reportedly joined on a deal worth £12 million a year, per Jonathan Smith at ESPN FC.

PSG has given no explanation as to why Mbappe had been initially signed on loan, but local media said it was an attempt to spread the payment to ensure PSG do not fall foul of FFP rules aimed at stopping clubs with rich owners spending their way to success.

"The investigation will focus on the compliance of the club with the break-even requirement, particularly in light of its recent transfer activity", UEFA said in a statement.

"In the coming months, the Investigatory Chamber of the UEFA Club Financial Control Body will regularly meet in order to carefully evaluate all documentation pertaining to this case".

UEFA's Club Financial Control Body monitors all clubs as a matter of course but still made a point to announce the investigation into PSG and said the summer acquisitions were behind their move.

Mbappe may not have accomplished his goal of playing for Real Madrid yet, but by joining PSG in the most lucrative deal ever for a teenager (when it goes through), the teenage sensation's stock continues to rise.

Liverpool and Tottenham Hotspur completed moves for Arsenal's Alex Oxlade-Chamberlain and PSG's Serge Aurier respectively as record Premier League spending soared above £1.2 billion.

"I was seduced by the project of the club, which is one of the most ambitious in Europe", Mbappe said.

PSG president Nasser Al-Khelaifi hailed Mbappe, who exploded onto the scene last season during Monaco's run to the French title, as a star of the future.

PSG's stunning 222 million euros capture of Neymar from Barcelona earlier this month has sent transfer fees skyrocketing across the continent.

"Among players of his age, he is without doubt the most promising in the world due to his huge technical, physical and mental qualities", PSG president Nasser Al-Khelaifi said.

Carlo Ancelotti didn't rate the midfielder too highly in front of the others he had at his disposal and he struggled for game time all season.

At the end of July, ESPN reported Barcelona would report PSG for a breach of FFP if they ended up paying Neymar's €222m release clause.

Among the sanctions risked by PSG if they are found to have broken those rules is a ban from the Champions League.

"The global French striker is transferred on a loan basis from AS Monaco until June 30 2018", PSG said in a statement on Thursday, reports Xinhua news agency.

  • Angelo Rivera