Latest News

UEFA ban: City to spend £30m on 50 best lawyers in the world ― Owner vows

Published by

Manchester City owner Sheikh Mansour bin Zayed al-Nahyan would allegedly “rather spend £30m on the 50 best lawyers” and sue Uefa “for the next ten years” than accept their punishment.

The Cityzens were rocked yesterday when they were banned from the Champions League for two years and hit with a £25million fine by Uefa.

City vowed to spend £30m after they were found guilty by Uefa’s Club Financial Control Body (CFCB) of falsely inflating their sponsorship revenues when submitting accounts as part of the FFP compliance process.

ALSO READ: BREAKING: Arsenal secure impressive win, beat Newscastle 4 – 0

And that means they will now be suspended from any Uefa European competition for the next two seasons as well as being hit in the pocket.

The guilty verdict follows an investigation that was triggered after German magazine Der Spiegel “leaked” emails and documents in November 2018.

They appeared to provide evidence that City owner Sheikh Mansour of the Abu Dhabi ruling family was mostly funding the £67.5m-a-year sponsorship of the club’s shirts, stadium and academy via his nation’s Etihad airline.

One of the emails leaked claimed that just £8m of that sponsorship in the 2015/16 campaign was funded directly from Etihad.

The rest came via Mansour’s own company vehicle for the ownership of City, the Abu Dhabi United Group.

The Sun football

Recent Posts

Cleric blames economic woes on ineptitude of leadership

The Founder and General Overseer of The Anointed Saviour’s Church International, Molete, Ibadan, Rev’d Samson…

5 minutes ago

Itsekiri political heavyweights unite, endorse Tinubu, Oborevwori for 2027

In a grand political gathering of Itsekiri heavyweights in Warri, Delta State, the Itsekiri Nation…

10 minutes ago

IWD: FIDA empowers Ekiti widows, seeks justice for widowhood

In commemoration of this year's international widows day celebration, the International Federation of Women Lawyers…

10 minutes ago

2027: Tinubu will be lucky to come third, El-Rufai boasts

He assured that individuals with presidential aspirations in the coalition are willing to subordinate their…

1 hour ago

Trump calls for peace after Iran attacks US air base in Qatar

The president encouraged both Iran and Israel to embrace peace and work towards harmony in…

1 hour ago

Mangu attack: Kaduna govt takes responsibility for treatment of survivors — Uba Sani

"The Kaduna State Government has assumed full responsibility for their treatment and will provide psychosocial…

1 hour ago

Welcome

Install

This website uses cookies.