Premier League Rivals Push For Manchester City, To Be Investigated After Allegations Of Breaking The Rules Of FFP

Explosive new allegations that financial reports of Manchester City were “a web of lies” that allowed them to float UEFA spending rules and it should be investigated by UEFA, this is according to Premier League clubs senior figures. A news magazine has released additional material from Football Leaks Whistle Blower, including extraordinary claims on how senior characters in City owned by Sheikh Mansour proposed to bypass Financial Fair Play (FFP) rules of UEFA.

The story claims that “sponsors from the owner’s home country simply send more money” if there are shortcomings and details about suggestions that significant portions of the sponsorship funds were provided by the company of Mansour, Abu Dhabi United Group. It was also alleged that board member Simon Pearce responded when the city’s chief financier Jorge Chumillas in an internal email if they could change the payment date for the Abu Dhabi, sponsors: “Of course, we can do what we want.”

UEFA’s FFP rules were introduced in 2011 and set a limit to the financial losses that any club could register. City was fined by £ 49m. (Of which DKK 32 million was suspended) in 2014 to violate these rules, but there was a strong external suspicion that even these losses had been severely mitigated by inflated sponsorship agreements with Mansour, which is part of the Abu Dhabi royal family. Der Spiegel wrote on Monday that the city had “crossed the FFP rules” and there is now a feeling in the Premier League that these charges must be investigated.

“It seems that they have found a model that allowed them to get around loopholes,” said a club source. “Clubs will be very disappointed if Der Spiegel’s stories are true. They would like this to be properly investigated. If other clubs are staying within the FFP, clubs should not be assigned. No other Premier League club has this kind of sponsorship model.”