![]() ![]() ![]() But City’s holding company - the state-backed Abu Dhabi United Group - channeled 59.9 million pounds back to Etihad, according to Jorge Chumillas, the club’s chief financial officer, in an internal email to club director Simon Pearce. The sponsorship was said to generate 67.5 million pounds (about $85 million) annually for City. In 2015, Der Spiegel said emails were being sent internally at City showing the manipulation of sponsorship revue from Etihad Airways, the state-owned airline from Abu Dhabi, which is the naming rights sponsor of City’s stadium and training campus as well as appearing on jerseys. The UEFA statement on Friday did not reference any specifics of the evidence that led to the punishment “With this prejudicial process now over, the club will pursue an impartial judgment as quickly as possible and will therefore, in the first instance, commence proceedings with the Court of Arbitration for Sport at the earliest opportunity.”Ĭity has never disputed the authenticity of the information contained in internal emails that were published by German media outlet Der Spiegel in October 2018 and shows alleged schemes by the club to allegedly cover up the true source of income in a bid to comply with FFP. “This is a case initiated by UEFA, prosecuted by UEFA and judged by UEFA,” the club said. Baltimore Sun eNewspaper Home Page Close Menu ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |