Ligue 1 side Lille have been hit with a range of Financial Fair Play sanctions by UEFA amid links to Rangers striker Alfredo Morelos.
The French outfit have reportedly had a fourth bid of just over £16m rejected for the Colombian with the Ibrox side said to be holding out for £20m [Daily Mail].
Lille and the UEFA authorities struck a deal on the sanctions to ensure the club balances its finances after Les Dogues posted losses of over €100m (£90m) in 2018.
The majority of the restrictions impact Lille’s participation in European competition.
Lille will have to pay €9m (£8.1m) in income from the Champions League and Europa League each season, dropping to €3m (£2.7m) if they manage to achieve “financial equilibrium” by 23/24 [GFFN].
The French side have also guaranteed they will not be in debt of over €20m (£18m) ahead of the new season and will reduce this figure further to €10m (£9m) by next season (21/22).
In another stinging blow, Lille will also only be allowed to register 22 players in European competition, with the number increased to 23 in 21/22,
The club will also not be allowed to register any new signings for European competition either until the club reaches a net positive in outgoings.
Lille reach UEFA arrangement after an investigation launched in 17/18 season
It’s a strong message from UEFA over FFP rules and Lille themselves have acknowledged this in a statement.
It’s important to note that this arrangement has been reached as part of an investigation into the 17/18 season and Lille have negotiated and agreed upon this arrangement with UEFA.
In a statement on the club’s website, Lille said:
“The financial situation from the 2017/18 season triggered an investigation from the European body and necessitated an agreement between the two parties which the club is satisfied with, judging it to be fair.”
Despite the investigation, Lille have pressed on with their transfer plans and have recouped a considerable amount in the last two seasons.
Defender Gabriel has also been linked with a £27m move away from the club too.
Lille are also said to be chasing Genk striker Jonathon David to the tune of £27m.
Combined with the £20m Rangers reportedly want for Alfredo Morelos this would leave a substantial deficit of £115m, excluding any other moves coming in and out of the Stade Pierre Mauroy.