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šŸ‡«šŸ‡· Kylian Mbappé just got a LOT richer

Today I unpack how this very expensive dispute between Kylian Mbappé and PSG started. We also explore the new English cricketing millionaires thanks to this years IPL Auction.

Merry Christmas everybody šŸŽ„

Thank you to everyone who’s become a paid TLP member. I owe you an apology. I had an automation set up so that anyone who joined would receive a short series of welcome emails. I only discovered recently that it didn’t fire. A few of you emailed me to say you’d paid and hadn’t received any confirmation, which genuinely killed me.

Consider it a lesson in launching a membership during the busiest period of my life.

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Today, we’re covering two things.

First, how Kylian MbappĆ© just got a whole lot richer. And second, how many millionaires were made in this year’s IPL auction!

Honestly, I wish Nasser Al-Khelaifi could be my Santa Claus! That man just hands out money to everyone.

Let’s get into it.

Paris Saint-Germain have been ordered to pay Kylian MbappĆ© €60 million in unpaid wages and bonuses.

What an insane sentence!

The dispute traces back to the summer of 2023.

MbappƩ informed PSG that he would not trigger the optional final year in his contract, meaning his five-year deal would expire in June 2024.

That immediately created a nightmare scenario for Paris. They were about to lose the best and the most valuable player in the world… for nothing.

According to PSG, the negotiations around his next move ended with a ā€œgentleman’s agreementā€ in August 2023 where two options were presented to him:

  1. Extend the contract and allow us to sell you OR

  2. Leave on a free transfer and give up certain financial entitlements

Those financial entitlements are important. The totalled to €60m and covered money that had already been earned under the contract including:

  • Standard monthly salary amounts (that had been withheld)

  • Deferred payments linked to earlier renewals

  • Contractually agreed bonuses

MbappĆ© continued training, continued to play and continued to fulfil his duties. It’s difficult to remember back then but he was playing really well for Paris at that time through whilst all of this was happening around him.

As he always trained, PSG attempted to convert earned pay into a penalty for leaving on a free transfer.

You know what employment laws in France are like…

Kylian went to court claiming €263m in total. He was not realistically expecting to receive €263m but the claims included:

  • Unpaid wages and bonuses

  • Attempts to reclassify bonuses as guaranteed salary

  • Psychological harassment linked to his exclusion from the squad

  • Claims around undeclared work and reputational harm

PSG responded with a €440m countersuit, arguing MbappĆ© caused massive financial harm by leaving for free.

Legally, it was always weak, from both sides. The countersuit was dismissed in full.

Eventually, Paris were ordered to pay Kylian his money.

PSG are one of the most resourced clubs in world football. I find it insane that at the most critical moment, they relied on a ā€œgentlemans agreementā€ to protect the biggest asset in world football.

I also find it bonkers how well MbappĆ© has played in his time at Real Madrid considering all of this was happening ā€œaboveā€ him for the past two years.

Regardless, Kylian is an even richer man now than he was previously. And once again, the leverage that football players have continues to shine through.

It also finally curtails the MbappƩ era in Paris. Interestingly, PSG have gone on to do better without MbappƩ in their team excelling in the Champions League and the Club World Cup. Annoyingly for them the majority of those spoils will now go to their former player!

What a crazy circle.

Jos Buttler playing for Gujurat Titans

Now, speaking of player leverage, last week the 2026 IPL auction took place in the Middle East and for the third year in a row, at least ten English players will play in the Indian T20 competition.

As usual, some English players were either retained or sold for huge amounts of money, reinforcing just how lucrative an era this is to be a professional cricketer.

The full list of English players can be seen below:

Player

Team

Fee (₹ crore)

Approx. USD

Jos Buttler

Retained – Gujarat Titans

15.75

~$1.8m

Liam Livingstone

Auction – Sunrisers Hyderabad

13.00

~$1.5m

Jofra Archer

Retained – Rajasthan Royals

12.50

~$1.4m

Phil Salt

Retained – RCB

11.50

~$1.3m

Jacob Bethell

Retained – RCB

2.60

~$0.30m

Sam Curran

Retained – Rajasthan Royals

2.40

~$0.28m

Ben Duckett

Auction – Delhi Capitals

2.00

~$0.23m

Tom Banton

Auction – Gujarat Titans

2.00

~$0.23m

Brydon Carse

Retained – Sunrisers Hyderabad

1.00

~$0.12m

Jordan Cox

Auction – RCB

0.75

~$0.09m

Luke Wood

Auction – Gujarat Titans

0.75

~$0.09m

Jos Buttler was retained by the Gujarat Titans for ₹15.75 crore, earning him close to $1.8 million. Liam Livingstone, Jofra Archer and Phil Salt all also cleared the $1 million mark.

Phil Salt has had an incredible year in 2025 and was rewarded with a retention at Royal Challengers Bangalore worth over $1 million. Jos Buttler, meanwhile, must now be one of the highest-paid players in English cricket history. This is his fifth IPL season earning more than $1 million, which is an extraordinary level of consistency in such a volatile auction market.

Sam Curran, who was previously one of the biggest earners in the IPL, was retained by Rajasthan Royals on a lower figure this time around. And on the other end of the spectrum, players like Moeen Ali and Jonny Bairstow went unsold at the auction and won’t feature in next year’s tournament at all.

The IPL itself is also going through an interesting moment. Jio-Hotstar, the broadcaster that paid huge money for the IPL rights, has started to endure financial pressure and has already asked to exit its agreement with the league a few seasons early. How that plays out will be fascinating to watch.

For now, next year’s IPL is shaping up to be the biggest one yet and, once again, the players are making the most of it.

Enjoy the holidays everyone, you’ll be getting a few emails from me over the festive period.

Jordan