Arsenal manager Arsene Wenger makes dramatic U-turn on his stance on Financial Fair Play
Gunners chief insists there's no point having rules 'that cannot be imposed' and that it 'should be scrapped' as extraordinary summer transfer window
ARSENE WENGER has made a dramatic U-turn on his stance on Financial Fair Play and says it "should be scrapped" after an insane transfer window.
The Arsenal boss has been vocal in his support of the FFP laws since they were first announced.
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He was one of the leading advocates when they were introduced by Uefa - but now he has changed his mind after seeing Paris Saint-Germain spend nearly £400million this summer.
And Wenger now believes that it is pointless having a rule "that cannot be imposed".
Speaking on French TV show Telefoot, Wenger said: "I wanted FFP initially. But now I think it should be scrapped. You shouldn't have a rule that cannot be imposed."
The French Ligue 1 giants smashed the world transfer record to sign Neymar for £198m from Barcelona.
They then landed Monaco sensation Kylian Mbappe on a loan deal with a view of buying him permanently for £165m next summer.
A statement written on Uefa’s official website said: “The Investigatory Chamber of the UEFA Club Financial Control Body has opened a formal investigation into Paris Saint-Germain as part of its ongoing monitoring of clubs under Financial Fair Play (FFP) regulations.
“The investigation will focus on the compliance of the club with the break-even requirement, particularly in light of its recent transfer activity.
“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 considers Financial Fair Play to be a crucial governance mechanism which aims to ensure the financial sustainability of European club football.
"UEFA will make no further comments on this matter while the investigation is ongoing."
PSG are likely to be punished but it may not be until next year.
That is because FFP covers profit and loss over a three-year period.
The rules were introduced in 2013 to stop clubs accumulating too much debt and to prevent wealthy owners from injecting too much cash into their clubs.
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