Why Chelsea pulled out of Ugarte deal .
Paris Saint-Germain drafted a legal letter to complain to Sporting Lisbon on Sunday after media reports emerged suggesting Chelsea might take a stake in the Portuguese club as part of a proposed transfer for Manuel Ugarte.
Sources close to dealings between Chelsea & Sporting deny a minority stake in the Portuguese club was discussed in relation to the transfer, but PSG intended to write to Sporting for answers + escalate matter to UEFA until Chelsea pulled out on Sunday eve.
PSG’s draft legal letter cited UEFA rules that forbid one club from owning shares/securities in another while participating in UEFA competitions & expressed concern that commercial leverage such as a stake could be used to influence a transfer .
Chelsea pulled out after meeting release clause - they say because they felt salary offer from PSG too high - but PSG insist the player will be paid €3.4m annually, and Chelsea’s offer was higher. But reports in Portugal claim PSG offer much higher.
Because Chelsea pulled out, PSG did not escalate to actually sending the letter to Sporting, but a sign of the growing tension between PSG & Chelsea after previous row over Ziyech in January .
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