42 C
Thursday, July 25, 2024

Emirati mystery man pays Manchester City £30m to hide sponsorship money


Manchester City have been paid £30million by a mystery man to hide sponsorship payments, according to The Times. That’s taken from a never-before-published UEFA report.

The alleged incidents took place in 2012 and 2013. City will receive payment from one of its main sponsors, Etisalat, the emirates telecommunications services company. However, they received £15m payments from unknown sources on two separate occasions.

The report further claimed that the funding came from the Abu Dhabi United Group (ADUG). They are owners of Manchester City, which is led by Abu Dhabi vice-chairman Sheikh Mansour Zayed Al Nahyan.

Lawyers for the Premier League club allegedly claimed during the investigation that the payment was made by an individual named Jaber Mohammad. The lawyer further stated (via The Times):

“[Jaber] Personnel providing financial and brokerage services to UAE business entities. “

However, opposing views have been put forward as to why ADUG or Etisalat would need the help of a broker to repay sponsorship money, the report said.

although City Etisalat was cited as the reason for repaying the money in 2015, which UEFA reportedly did not accept.this Super League The team were banned from European competition for two years due to a £30m fee. However, that decision was overturned by the Court of Arbitration for Sport (CAS) on the grounds that the payment was time-barred.

Manchester City set for record-breaking season in 2022-23

Since the turn of the decade in 2010, Manchester City have established themselves as one of the top clubs in world football. Their initial development took place under the tutelage of Manuel Pellegrini and Roberto Mancini.

However, the club was almost invincible in English football for a time. guardiola take over. Still, City’s struggles in Europe continue until the 2022-23 season. Guardiola’s team defeated Inter Milan 1-0 in the Champions League final, winning the first Champions League title in history.

They also won the Premier League and FA Cup last season. Overall, it’s been a fantastic season for City, certainly the best in the club’s history. With Pep Guardiola at the helm, more records could be on the way.


Source link

Related Articles

UAE Weather: Enjoy Lower Humidity and Pleasant, Partly Cloudy Skies.

UAE is experiencing a slight respite from its typically high humidity levels, offering a more comfortable environment for residents and visitors alike. The National Center...

Alert Smart City: An Investment Opportunity to Revolutionize Crisis Communication in the Era of Climate Change

Leadership in Urban Resilience: The Journey of a Smart City in Crisis Communication Since its inception in 2019, Alert Smart City has been at the...

UAE Summer: Residents Face Challenges with Rising Humidity.

UAE residents are grappling with the effects of extreme heat and rising humidity. As summer reaches its peak in the United Arab Emirates (UAE),  Reports...

UAE police have announced a significant security exercise.

UAE police informed the public about a scheduled security exercise. The exercise aims to enhance the readiness and coordination of various security agencies within the...

Ginco Properties Launches One Residence, Steps from 1 Burj Khalifa in Downtown Dubai

Ginco Properties Launches One Residence, Steps from Burj Khalifa in Downtown Dubai Dubai, UAE - 17 July 2024 — Ginco Properties, the developer behind successful...

Latest Articles