The Although UEFA wouldn't discount all the QTA £70m, they would exclude most of it; hence it would still be surprising if PSG could pass the Break Even test carried out in 2018/19 FFP.
Of course the club will attract some additional genuine sponsorship and might be able to make some trading profit on player trading.
Crucially for PSG, the test is retrospective and is based on the accounts for the three previous seasons.
Although both these scenarios might look unlikely, UEFA won’t be keen to allow PSG such an easy ride this time.
Although UEFA have made all efforts to help clubs get over the FFP Break Even line, and have been determined to avoid issuing harsh punishments, things could be different this time.
PSG failed the Break Even test in 2014, and, although the punishment is now ‘spent’, it is hard to see them taking such a lenient line with the club for such second, flagrant transgression that has made a mockery of the rules and so angered Barcelona.
If the fee were to be paid by the Qatar Tourist Authority for example, there would be some interesting implications.
If the transaction took place entirely outside PSG accounts, the the purchase would not appear in the club accounts. UEFA have robust and comprehensive Related Party Transaction (RPT) rules to capture such a scenario.