Skip to content
Plus234Feed

Manchester City Appeals Financial Breach Ruling with Proof

Manchester City Appeals Financial Breach Ruling with Proof

Manchester City is set to contest a ruling by an independent commission that found the club guilty of serious financial breaches spanning from 2009-10 to 2017-18. The commission determined that City had deliberately inflated its income through “fraudulent” sponsorship deals, with the Abu Dhabi United Group (ADUG), Sheikh Mansour’s parent company, allegedly supplementing commercial sums as part of a “disguised funding scheme.” The financial details of this arrangement were reported to be worth 830.69 million, allowing City to appear compliant with Premier League and UEFA financial regulations.

In their appeal, City will argue that the funds used for sponsorship were actually provided by the Abu Dhabi government, not ADUG, a claim the commission dismissed as a fabricated narrative. City’s chairman, Khaldoon Al Mubarak, stated that the club possesses “irrefutable proof” to support their case.

Additionally, Etihad Airways has indicated that it may pursue legal action to prevent the publication of the commission's findings. The appeal is expected to determine whether the commission's findings will be upheld.

Plus234Feed summary based on reporting from Federal Character. Read the original report below.

Read full article

Continue on Federal Character

Visit
Share

Get the week in one email

Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.

Free · one email per week · unsubscribe anytime

Related Stories

Get Plus234Feed on messaging apps

Same headlines, delivered where you already scroll.