4 Hrs
Source:
The Guardian
Manchester City case reveals covert funding and false testimony
The Premier League’s independent commission found that Manchester City engaged in financial rule breaches, including inflating sponsorship revenues by approximately £830 million through sham contracts with Abu Dhabi sponsors. The commission concluded that the club used disguised funding, with Sheikh Mansour's company covering the majority of sponsorship fees beyond fair market value, thereby concealing true funding sources. These actions resulted in violations of financial fair play regulations and included false financial disclosures and dishonest witness testimonies; Manchester City plans to appeal the decision.
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