Manchester City defended by Pep Guardiola amid Football Leaks accusations

09 November, 2018, 07:00 | Author: Malcolm Quinn
  • Manchester City chairman Khaldoon Al Mubarak and owner Sheikh Mansour bin Zayed Al Nahyan

"The club has made a statement on Friday about what happened, stolen emails", he said.

"I think it's the biggest single risk to (our) reputation we have faced since 2008", she is said to have written. UEFA's rules are created to encourage clubs to live within their means and prevent fatcat owners, many of them with unlimited funds, from buying their way to success to the detriment of less affluent rivals.

Spanish league chiefs have called on UEFA to punish Paris St Germain and Manchester City following the latest explosive leaked documents about their financial activities.

Der Spiegel on Wednesday published a third instalment of its series on Manchester City, all based on documents from Football Leaks.

"Should Uefa fail to act, we will do what we have said before: launch a complaint with European Union competition authorities". "We want to do what we have to do in terms of the rules".

According to Der Spiegel, his hiring was a secret mission and neither City, nor the coach stated anything publicly about the contract.

Allegations In the latest allegations to plunge City into turmoil, it is alleged a risk analysis regarding a possible deal with Arabtec was carried out by executives but that, despite the report concluding a partnership with the company would have "significant potential to damage the perception and standing of the club and its owners", the club struck an agreement regardless, signing a regional contract that would be publicised only in Arab states, Russian Federation and Turkey, where there was considered to be less risk of condemnation.


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

Der Spiegel say the current Italy coach signed two contracts on the same day, one for being an adviser to the Sheikh Mansour-owned Al Jazira Sports and Cultural Club which was for £1.75 and another for City - with a base of £1.45m before bonuses.

If they were indeed seized illegally, that could present its own challenges in a potential legal battle with City's lawyers. "UEFA FFP compliance WILL NOT be achieved".

Der Spiegel quoted another internal email, sent by club executive Simon Pearce in April 2010, regarding an annual £15m deal with investment company Aabar.

Manchester United have gone through the agony of seeing arch-rivals Manchester City turn into a footballing superpower in the last few years.

Uefa found City had breached FFP rules in 2014 and the two parties reached a settlement, with City paying a £49m fine - £32m of which was suspended - while their Champions League squad was reduced for 2014-15.

It says that Uefa was unaware of the arrangement with the external company and it was only raised when auditors from PricewaterhouseCoopers took a closer look on behalf of the European football governing body. But the magazine said the analyst "was having trouble" figuring out "how the [external company] expected to make a return". The leaks validate what we have been saying for more than a year.

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