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Abu Dhabi United Group

All articles tagged with #abu dhabi united group

sports13 days ago•4 min saved

Manchester City's Financial Fraud Exceeds £900 Million Over Nine Seasons

An independent commission has found Manchester City guilty of inflating its revenue by over £900 million through sham sponsorship deals between 2009 and 2018. The club, owned by Abu Dhabi United Group, circumvented spending limits to fund a dominant era, winning eight Premier League titles. While the Premier League has confirmed the guilt, the final sanctions remain pending as the club prepares to appeal the decision by October 2.

via Defector|

#abu-dhabi-united-group #financial-fair-play #manchester-city

sports14 days ago•6 min saved

Premier League Confirms Manchester City Guilty of 'Sham' Funding Scheme

An independent commission has found Manchester City guilty of all charges related to financial rule breaches between 2009 and 2018. The club is accused of using 'sham' contracts to disguise over £830 million in owner funding as sponsorship revenue. Manchester City denies the findings and has until October 2 to appeal, while sanctions remain to be determined.

via BBC|

#abu-dhabi-united-group #financial-fair-play #football-governance