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Nike & Paris Saint-Germain Soccer Club Fined Millions

Sports giant, Nike is on the hot seat today after being slammed with a $7.8 million fine, along with soccer club Paris Saint-Germain.

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Nike and Paris Saint-Germain are accused of under-the-table payments to players in order to avoid taxes between 2000 and 2005, in breach of France’s labour laws. Players that benefited from the dodgy deals include former France international Nicolas Anelka and Brazil’s Ronaldinho.

Nike and PSG were ordered earlier this week to pay 5.5 million euros ($A7.81 million) in damages and interests to Urssaf, the French organisation that collects social security contributions.

It’s the not the first time Nike and PSG have found themselves in this kind of hot water. The long-running case has already seen ex-PSG President Laurent Perpère fined 30,000 euros and suspended for 10 months, and his successor Francis Graille fined 15,000 euros and suspended for 6 months. C’mon guys.

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