Mark Chapman is joined by The Athletic's Oliver Kay to look at how Lionel Messi's transfer to PSG plays against the backdrop of financial fair play, nearly ten years after it was first introduced by UEFA. With Man City and PSG spending as much as they ever have, can we really say that FFP has worked? Has it merely supressed the middle and allowed the elite to break free? Is this latest spending spree just a quirk of the post-covid landscape?

We are also joined by Luis Garcia Alvarez - football investor and equity portfolio manager for MAPFRE - for a look at the deal La Liga have done with investment fund CVC Capital - selling a 10% stake for 2.7 billion - and whether it is a good deal for the Spanish clubs. Is it the way forward for European sports leagues to grow revenues sustainably? Or is it dangerous to put your destiny in the hands of profit-minded investors?

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How the Messi transfer fits into FFP & the future of investment in football