2 Hrs
Source:
AL24 News
Abu Dhabi Faces Football Financial Scandal
An independent panel affiliated with the Premier League revealed serious financial violations at Manchester City during the period from the 2009-2010 season to the 2017-2018 season. These included the submission of inaccurate accounts and the concealment of the club's true financial situation. The panel's investigations showed that the club used fake sponsorship contracts linked to Abu Dhabi and employed hidden funding methods through the Abu Dhabi United Group for Investment and Development, aiming to inflate revenues and reduce costs by over £900 million. It was also found that the club obstructed the investigation and deliberately lied by some witnesses in an attempt to circumvent league and UEFA regulations. This raises questions about the legitimacy of the club's financial success and its illegal presentation during the Emirati ownership era.
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