According to the latest disclosure of the German "Der Spiegel Weekly", Manchester City may be subject to double punishment by the Premier League and UEFA for allegedly sponsoring black box operations and financial fraud.
"Der Spiegel" quoted a document from "Football Leaks" saying that Manchester City boss Mansour added sponsorship income to Manchester City’s book in a way that would evade UEFA’s fiscal fair competition rules by means of sponsorship. As close as possible to the balance of payments, but in fact, most of these so-called sponsorship income is Mansour's own money, in fact, is equivalent to sponsoring themselves.
Manchester City executives, the right one is the Pisman City executives, the right one is Pierce
In these documents, a sponsorship agreement between Manchester City and Etihad Airways, for example, of the £67.5 million sponsorship amount, 59.5 million pounds is Mansour’s own money. In a 2010 e-mail, Manchester City board member Simon Pierce reached a £15 million sponsorship intent when negotiating an agreement with sponsor Abal, but the mail showed that Pierce promised to pay only £3 million. The sponsorship fee, while the remaining £12 million, will be paid for by the different sources of funding provided by the Manchester City boss himself.
Another document in 2013 showed that Manchester City financial officer George Chumiras told the club that because of the dismissal of the employer coach Mancini and the payment of compensation, Manchester City had an extra 9.9 million pounds to reach the UEFA fiscal fairness rule. The shortfall, for this reason, he suggested: "The only way is to raise the sponsorship income of Abu Dhabi to cover this part of the deficit." In order to make a holiday, Chumiras also asked Pierce, can you change the sponsorship? On the date of the contract, Pierce’s answer was: “Of course, we can do whatever we want.”
Pay for yourself to sponsor yourself? Pay for yourself to sponsor yourself?
The report of Der Spiegel also stated that Manchester City’s financial report is a lie, the purpose is to carry out financial fraud, in order to achieve the purpose of the UEFA financial fair competition audit.
Manchester City said this week: "There will be no comments on the file breaches from the City Football Group and Manchester City related personnel." So far, neither UEFA nor the Premier League have commented on this report, but according to British media, the Premier League and UEFA are already concerned about developments. If this serious financial fraud is taken seriously, then Manchester City It is possible to face double punishments from the Premier League and UEFA. Among them, UEFA may impose the most severe punishment on Manchester City. It is forbidden to participate in the Champions League or prohibit any transfer transactions.
However, Manchester City now has a legal ace in its hands. These leaked documents are all hacked by illegal cyber hackers. In legal terms, if the source and route of evidence are not legal, it is difficult to be accepted as Legal evidence. In other words, even if Manchester City does have financial fraud, it is difficult to legally determine and punish it.
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