Mbappe to turn down Real switch and stay at PSG

"This type of agreement threatens the economic sustainability of European football," read a La Liga statement, adding that it put "hundreds of thousands of jobs and sporting integrity at risk in the medium term, not only from European competitions, but also from our domestic leagues".

Mbappe said he was "very happy" to stay at PSG after he and club president Nasser Al-Khelaifi announced the striker's new deal on Parc des Princes pitch before his side played Metz in their final Ligue 1 match of the season.

"I am convinced that here I can continue to grow within a club that gives itself all the means to perform at the highest level," Mbappe said in a club statement.

He finished the season as Ligue 1's leading scorer with 28 goals and provided a further 17 assists in 35 games as PSG won the domestic title with four games to spare.

Javier Tebas, president of Spain's La Liga, has been a staunch opponent of big-spending European clubs such as PSG and Manchester City, as well as the proposed European Super League.

In a post on social media,external-link he said: "What PSG is going to do by renewing Mbappe with large amounts of money after losing 700m euros in recent seasons and having more than 600m euros in wages, is an INSULT to football.".

Real Madrid and Barcelona were among 12 leading European clubs that signed up for a breakaway competition last April, but the proposal collapsed within days following a backlash from players and fans, as well as governments and football's governing bodies.

The La Liga statement, released after Tebas' tweet, said it was "scandalous that a club like PSG" could agree such a contract "while those clubs that could accept the arrival of the player without seeing their wage bill compromised are left without being able to sign him".

La Liga said PSG were "not respecting the rules" and repeated many of the accusations made by its president.