Manchester City to Appeal Verdict Over Abu Dhabi Sponsorship Funding Claim
The club says an Abu Dhabi government body funded sponsors, challenging a finding that more than £830 million was disguised as owner money.
- Manchester City is preparing to appeal an independent commission's guilty verdict before Friday's deadline, after being found to have engaged in a scheme inflating revenues by nearly £1 billion over nine seasons.
- An independent commission determined that more than £830 million in "sham" agreements inflated revenues and bypassed financial regulations, rejecting City's claim that funding came from the Abu Dhabi Crown Prince Court as "untrue."
- City chief executive Ferran Soriano maintains the case rests on a "false accusation," asserting "irrefutable evidence" proves owner Sheikh Mansour's personal money did not fund sponsors.
- Etihad Airways is considering legal action against the Premier League, claiming the findings carry "damaging implications," while Prime Minister Andy Burnham expressed concern about losing the Abu Dhabi group as owners.
- Former Liverpool defender Jamie Carragher stated City must recover from the "shame of their guilt" by changing ownership if the appeal fails, as the Independent Football Regulator retains authority to assess executives.
45 Articles
45 Articles
London. Manchester City lawyers will present evidence that it was an agency of the government of Abu Dhabi, and not the owner, Sheikh Mansour, who provided funding to the sponsors as a main defense to avoid a harsh sanction of the Premier League for violating financial rules for several years. The club is expected to file its appeal against the conviction handed down by an independent commission before the end of the deadline on Friday.
Manchester City are preparing their appeal against the £830.69 million case, arguing that the money in question came from the government of Abu Dhabi and not from its owners. The countdown to Manchester City's appeal has begun! The “Citizens” have until today, Friday (2/10) to formally lodge their appeal, following the decision of the Independent Commission that ruled that the English club violated the financial regulations of the Premier League…
Manchester City prepares its defense before the Premier League with a new strategy. The entity would be willing to recognize in its appeal that it is a state club funded by Abu Dhabi with the aim of preventing the punishment for the more than 100 economic violations investigated from being even greater. In this turn of the ... Continue reading "The City prepares its defense and will admit to being a state club to avoid more serious sanctions"
The Economic Times
Times of IndiaManchester City set to appeal Premier League findings over £900m financial breaches
Manchester City is set to file an appeal against the findings of financial misconduct by a deadline. The club denies the allegations and claims to possess evidence that exonerates them. They will argue that sponsorship deals were partly funded by the Abu Dhabi government. Meanwhile, there may be further legal implications involving rival clubs and players seeking compensation.
Manchester City are preparing to appeal against the decision of an independent panel examining the club's finances and its relationship with sponsors. The English champions' lawyers plan to submit new evidence before a deadline on Friday. The defence claims that a government body in Abu Dhabi, not owner Sheikh Mansour, provided the funds linked to the sponsorship deals. The appeal will be based on the claim that state funding, provided through t…
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