Where does so much money come from? Information is leaked that compromises Manchester City and its financial fair play
English press has revealed this Sunday that the reigning Premier League champion would have benefited from a sponsorship on the shirts of the Emirati airline Etihad that he did not declare.
A leak of emails released today by the British Sunday ‘Mail on Sunday’ evidences the alleged infringement of the rules of financial fair play by the managers of Manchester City in the 2010-11 season. According to the tabloid revelations, the current Premier League champion would have benefited from a sponsorship on the shirts of the Emirati airline Etihad that he did not declare, and that he carried out in parallel through the Executive Business Authority of the United Arab Emirates. United.
The deputy prime minister of that country, Sheikh Mansour, is the owner of the club, which has already been accused of violating financial fair play on several occasions in the past. Specifically, the 'Mail on Sunday' publishes an email that allegedly shows that Etihad's declared sponsorship amounted to four million pounds (4.7 million euros) that season, but that the club was actually receiving another eight million pounds (9.3 million euros) additional from their Emirati owners.
According to the Sunday, Manchester City issued an invoice to Etihad for twelve million pounds (14 million euros), but attached a handy invoice specifying that the airline should only pay four million that year.
As described on its own website, the UAE Executive Business Authority is "a specialized government agency with the mission of providing strategic advice" to the top officials of the emirate of Abu Dhabi. From all of the above, the "Mail on Sunday" concludes that Etihad did not actually pay the invoices issued by the club, but was done covertly by the Emirati government, which would go against the rules of financial fair play.
