How Man City 'deceived' Uefa over FFP regulations

How Man City 'deceived' Uefa over FFP regulations

Are you still going to cling to this spurious notion that your club has been treated viciously by Uefa?

Der Spiegel on Wednesday published a third instalment of its series on Manchester City, all based on documents from Football Leaks. "Believe me, I'm completely honest, I don't know what happened, I'm a manager, focused on the pitch, the locker room".

That is the strong and unequivocal message coming out of La Liga following the allegations made against the Premier League champions.

"It's an incredibly professional club, they try to do the good things in the right way. But internal emails tell a different story, providing evidence of backdated contracts, illusory sponsoring payments and cavalier, "We can do what we want", business practices".

The official response from City to Der Spiegel's request for comment remains, "The attempt to damage the Club's reputation is organised and clear".

"We can not comment on specific cases due to confidentiality obligations which UEFA must respect", said UEFA in a statement in the Daily Mail.

Documents also suggested that Abu Dhabi United Group had invested more than £1.1bn in 2012, four years after Sheikh Mansour took over the club.

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"UEFA should do its job in terms of enforcing FFP because, as we have said before, both Manchester City and PSG are not complying with FFP rules".

This rise coincided with UEFA creating rules - in consultation with the European Club Association - to limit spending within a club's ability to generate revenue.

Der Spiegel claims one of City's solutions to circumvent the rules was to launch Project Longbow. This a company of which Der Spiegel claims the ownership is "well hidden", explaining, 'The path first leads to a British straw-man company, then to the British Virgin Islands and finally to the Rowland family trust'.

City executive Simon Pearce is said to have joked in one email that he had become the "de facto MD (managing director) of ADUG", leading Der Spiegel to label the situation a "farce" and slam City: "A club director was controlling the expenditures of the club owner's holding company, money that would travel around the world before landing in the team's coffers".

Man City apparently wanted to shift some costs away from the club and helped set up a shell company called Fordham Sports Management with two British investors.

When auditors examined the arrangement on behalf of Uefa, they described it as a "very good deal for MCFC", with one analyst stating he was having difficulty understanding how Fordham expected to make a return.

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