How Man City 'deceived' Uefa over FFP regulations

Ruben Holloway
November 9, 2018

Some of City's European rivals, including Bayern Munich and Atletico Madrid, have complained about such practices.

The allegations against City, who have a number of prominent Abu Dhabi-based sponsors, are that they manipulated contracts to get around that.

"About the business, about how they handled this kind of situation, I am completely out (of that)".

Manchester City's Argentinian striker Sergio Aguero (2R) celebrates with teammates after scoring the team's second goal during the English Premier League football match between Manchester City and Brighton and Hove Albion at the Etihad Stadium in Manchester, north west England, on September 29, 2018.

The "Football Leaks" documents, which include emails, contracts and presentations, were obtained by German publication Der Spiegel and reviewed by Reuters in partnership with worldwide media consortium European Investigative Collaborations. We want to follow all of FIFA's and UEFA's rules, there's no doubt about that.

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La Liga, the Spanish top flight, has said that, if UEFA does not act, it will "launch a complaint with European Union competition authorities". And we want to do what we have to do in terms of the rules.

City have not commented on the Mancini allegations, having previously described the Football Leaks revelations as a "clear and organised" attempt to damage the club's reputation.

The leaks also, according to Der Spiegel disclosed the salaries City pay their players.

That included selling players' image rights to an external company, therefore writing off that cost from their accounts.

Mancini signed two contracts on the same day - one a base £1.45 million a year for City, before bonuses, and the other a base £1.75 million with the Abu Dhabi, paid into an offshore shell company in Mauritius called Sparkleglow Holdings.

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CIty have said they will not comment on the claims. "UEFA FFP compliance WILL NOT be achieved".

In an internal memo seen by the magazine, Manchester City chief executive Ferran Soriano said: "We will need to fight [FFP] and do it in a way that is not visible, or we will be pointed out as the global enemies of football".

La Liga president Javier Tebas has long spoken out against Manchester City and PSG describing their conduct as financial doping and La Liga spokesman Joris Evers told Reuters and the BBC the time for action is needed.

"This was a very good deal for MCFC", a PwC analyst, said, according to Der Spiegel.

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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