3 Hrs
Source:
الجزيرة الرياضية
Manchester City case uncovered by a four-letter word
The independent committee's decision accused Manchester City of using "sham" financial contracts and arrangements between 2009 and 2018, intended to inflate revenues and reduce apparent costs through sponsorship deals and hidden capital contributions. This resulted in exceeding the permitted financial spending limits. The legal text clarifies that "sham" refers to arrangements not criminally fraudulent but ones that conceal the true financial reality. The club denies the allegations and plans to appeal. This decision by the committee is a significant step that impacts the club's financial situation and its compliance with football financial regulations.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)