Man City appeals guilty findings of breaking EPL's financial rules
Manchester City denies the Premier League's finding that it used "sham" commercial contracts as part of schemes to inflate revenue and understate costs.
Manchester City plans to appeal the independent commission's guilty verdict on Premier League financial breaches, but their defense could be weakened by a statement from their main sponsor, Etihad Airways. The issue lies in whether the government funding, provided via the Abu Dhabi Crown Prince's Court, helped sponsors comply with financial rules, or if it was the club's own Abu Dhabi United Group company.
However, Etihad has stated to the US government that the Abu Dhabi government did not fund their sponsorship of Manchester City. This contradicts the commission's findings that more than £830 million of owner funding inflated revenues to meet Premier League and UEFA financial rules. The club maintains its innocence and has compiled substantial evidence in its favor.
The appeal, if granted, will prolong the already lengthy process, with the Football Association also considering potential action.
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- Man City appeal against explosive ruling on breaches of financial rules nst.com.my
- Man City to appeal but defence may be undermined by Etihad statement sports.yahoo.com
- Man City appeals guilty findings of breaking EPL's financial rules abc.net.au
- Man City whistleblower to lose witness protection days after club's guilty verdict channelnewsasia.com
- Ex-Man City manager Mancini says club’s financial scandal is ‘not a problem that concerns me’ winnipegfreepress.com
