UAE Funded Manchester City to Help Inflate their Income
International reports revealed that the management of Manchester City is involved in violating the UEFA Financial Fair Play Regulations.
According to Daily Mail, there are some emails that can prove the team’s violation of the UEFA Financial Fair Play.
The team is owned by the deputy prime minister of the United Arab Emirates, Mansour bin Zayed Al Nahyan.
Millions Funnelled into Manchester City!
According to the newspaper, there is proof that they got millions from Abu Dhabi to help inflate their income.
The newspaper exposed some emails that prove that Manchester City did receive millions of pounds to reduce the team’s financial losses related to the UEFA Financial Fair Play Regulations.
Manchester City signed a contract of £12 million with Etihad Airways. It was for the club’s shirt sponsorship for the 2010/11 season. It was originally around £4 million.
The Daily Mail indicated that the club benefited from the details of an abnormally high sponsorship contract from entities based in the UAE. The deals apparently violated the regulations.
The newspaper had seen the emails. And confirmed that it actually knows the identities of both the sender and the recipient of the email. But, neither works for the same company anymore and both moved to different spheres of business.
The Daily confirmed that Manchester City insists that they have not violated any regulations. However, new evidence is now coming to the surface.
The Union of European Football Associations (UEFA) had previously banned Manchester City from participating in the UEFA European Football Championship for two years.
The UEFA also fined the club £25 million for violating the UEFA Financial Fair Play Regulations.
Later, The Court of Arbitration for Sport (CAS) decided to cancel the penalty.
The team has faced many accusations recently due to the UEFA Financial Fair Play Regulations, especially the accusations against the owners of the club who deceived the UEFA with the funding resources.
Many clubs have previously demanded punishing and banning Manchester City from participating in the UEFA European Football Championship since the owner of the club, Mansour bin Zayed, hid millions of sponsorship funds to deceive the UEFA Financial Fair Play Regulations.
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