Manchester City braced itself for further pain with ‘UEFA set to investigate sponsor statements since 2016’ – since the current sentence only covers four years BEFORE that date
- Manchester City is confronted with further UEFA investigations into their sponsorship agreements
- There are concerns about the amount of sponsorship from Abu Dhabi that has been pronounced since 2015
- Club has already received a £ 25 million fine and a two-year Champions League ban
- The current penalties only apply to the period between 2012-16
The UEFA financial fair play compliance authority is considering further investigation into the amount of Abu Dhabi sponsorship announced by Manchester City since 2016, according to the Guardian.
The Premier League champions were hit last Friday by a £ 25 million fine and a two-year ban from the Champions League after an UEFA investigation found “very serious breaches” of the FFP rules in how they declared sponsorship between 2012 and 2016.
Although the financial control body (CFCB) of Uefa and its investigation room had approved the statements of the club since 2016, the findings – which were caused by the leaks in Der Spiegel in November 2018 – mean that the body must decide whether it assures the club that Etihad fully finances sponsorship.
UEFA has been investigating the sponsorship agreements of Manchester City since 2015
The club and Etihad, the national airline of Abu Dhabi, have repeatedly refuted any suggestion that the £ 67.5 million sponsorship scheme is in any way subsidized
Etihad said in a statement: “The financial obligations of the airline associated with the partnership of the club and the wider City Football Group are and will always be the sole liability and responsibility of Etihad Airways.”
UEFA’s six-strong research chamber – consisting of prominent politicians and economists – should also unravel the issue of the relationship between Man City owner Sheikh Mansour and the sponsorship of Abu Dhabi.
The ties of club owner Sheikh Mansour with three sponsors may not be confronted with more control from UEFA
FFP regulations are intended to prevent ‘related’ sponsorship schemes from being used effectively as a back door to channel more money to a club and to circumvent limits on owner investments.
During the 2014 investigation – which ended with Man City to pay a settlement – PwC discovered that three sponsors in investment company Aabar, telecommunications company Etisalat and Etihad were associated with Mansour.
The settlement actually meant that UEFA did not have to draw a conclusion on this, but the investigation room can now be forced to make a decision.