Manchester City are expected to argue in their appeal that major sponsorship agreements were financed by the Abu Dhabi government rather than by the club’s owners. Abu Dhabi United Group (ADUG), a private investment firm owned by United Arab Emirates vice-president and deputy prime minister Sheikh Mansour, was accused of increasing the value of commercial […]
Continue Reading
The Conservatives have described Andy Burnham’s response to Manchester City’s breaches of Premier League financial regulations as “completely out of touch” with supporters and the wider public. On Wednesday, the prime minister said he would be “really concerned” if the club’s owners chose to sell Manchester City after an independent commission upheld most of the […]
Continue Reading
The first sign that a billionaire may be forced to answer for their actions is usually an emphatic denial. Next comes disbelief that such an ordinary problem could possibly affect someone of immense wealth, influence and social standing. The third step is a restrained expression of regret that stops short of accepting responsibility, typically lamenting […]
Continue Reading
Meanwhile, Manchester City’s sponsor Etihad Airways announced that it is evaluating whether to take legal action against the Premier League. In a statement released on Wednesday, the airline based in the United Arab Emirates firmly denied any suggestion that it had participated in inappropriate commercial agreements. The company said the league’s public handling of the […]
Continue Reading
Rui Pinto, whose disclosure of confidential records helped prompt the Premier League to examine Manchester City’s finances, is set to lose his protected-witness status in Portugal. Documents indicate that the decision to withdraw his protection was made on Wednesday. Pinto has also been advised to limit contact with relatives, remain cautious and stay away from […]
Continue Reading
Manager Stale Solbakken tried to steer attention away from the subject, briefly describing Haaland as “very good” and someone who is “scoring goals”, although he acknowledged that the striker failed to convert an opportunity against Portugal that he would usually put away. When questioned about whether he needed to speak with the forward amid the […]
Continue Reading
Manchester City head coach Andree Jeglertz declined to say whether he had been assured that the women’s side would remain unaffected after the club was ruled to have violated Premier League financial regulations. Jeglertz, who arrived at City last summer, described the situation as “business as usual”. Asked about possible consequences for the women’s team, […]
Continue Reading
Pep Guardiola has expressed his full backing for Manchester City after an independent commission ruled that the club had violated Premier League financial regulations throughout a nine-year period. In a message to supporters, he said: “We will overcome this together.” Guardiola departed City during the summer after a highly successful decade at the club. His […]
Continue Reading
Kelly Somers is joined by football finance specialist Kieran Maguire and football affairs correspondent Dale Johnson to respond to listeners’ questions after the Premier League announced that Manchester City had been found responsible for all alleged violations of the competition’s financial regulations between the 2009-10 and 2017-18 seasons. TIMECODES: 3’05 – Might Manchester City be […]
Continue Reading
At the beginning of 2010, Manchester City started arranging additional investment for the club. City entered into sponsorship contracts worth record sums that were reportedly far higher than their fair market value. The arrangement has been described as a “concealed funding plan”. According to the ruling, the arrangement operated in the following way. Each sponsorship […]
Continue Reading