UAE Warns 'Future Investment in Britain at Risk' After Man City Ruling
The ruling could jeopardize billions in future UK investment as Abu Dhabi weighs the fallout from 114 guilty verdicts against the club.
- On September 29, an independent commission found Abu Dhabi-owned Manchester City guilty of 115 charges, ruling the club artificially inflated financial results by more than £900 million over a four-year investigation.
- The verdict jeopardizes an 18-year soft power project led by Sheikh Mansour, whose UAE sovereign wealth funds have invested more than £30 billion into major British industries.
- Prime Minister Andy Burnham faced criticism for backing the club's owners, prompting Downing Street to issue a statement clarifying that Manchester City are not "above the rules" to protect the Independent Football Regulator.
- Emirati officials warned the UK government that the severity of this ruling could undermine appetite for future grand-scale commitments, threatening the financial partnership ahead of an investment summit scheduled for October.
- Tensions persist regarding the UAE's alleged role in the Sudanese civil war and the thwarted Emirates-backed takeover attempt of The Telegraph, while the club faces an October 2 deadline to appeal the guilty verdict.
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Manchester City is using ‘lawfare’, legal warfare, in the historic fraud case against the club. The club leadership is driving Prime Minister Andy...
According to British reports, Abu Dhabi warned that the implications of the Manchester City case might affect future investments by the United Kingdom's Emirates, while London confirmed the independence of the Club's procedures.
The United Arab Emirates is threatening British Prime Minister Andy Burnham to withdraw billions of pounds of investment from the United Kingdom as a result of charges of financial violations against Manchester City, according to "The Telegraph".
The scandal that is currently shaking English football could shift into the political sphere according to the English press.
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