Manchester City Premier League charges: What do they mean?
Since being bought by the UAE in 2008, Manchester City have become one of the world's most successful football clubs. A raft of serious financial charges threatens to undermine this and bring chaos to the Premier League.
MANCHESTER: Abu Dhabi-based airline Etihad Airways has sought legal counsel following criticism from the Premier League regarding its handling of an independent commission's findings against Manchester City. The Premier League announced on Tuesday that City had engaged in improper commercial contracts, inflating revenue and understating costs by over £900 million (US$1.2 billion) over nearly a decade.
Etihad, City's main sponsor since 2009, categorically rejected any involvement in improper commercial arrangements. The airline stated that the Premier League never contacted them during the commission process and denied any opportunity to provide information or challenge material that could have reflected negatively on the company.
Etihad expressed deep concern over the public communication of the matter, citing the lack of clarity, transparency, and selective disclosure of information as damaging to its reputation, despite not being named in the published decision. Manchester City has denied any wrongdoing and intends to appeal the findings. The Premier League declined to comment on Etihad's statement.
Etihad emphasized that while it stands with City and its supporters, it is seeking legal advice to protect its interests. The airline reaffirmed its support for Manchester City and its longstanding partnership with the club as the club challenges the commission's conclusions through the available processes.
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