Man City’s 115 Premier League financial charges set for twist as new evidence may come to light
Etihad Airways, the sponsors of Manchester City, are reportedly planning to go public on the stock exchange – and it could have huge implications for the Premier League champions
Manchester City face 115 FFP charges from the Premier League
Manchester City face 115 FFP charges from the Premier League (Image: Photo by Joe Prior/Visionhaus via Getty Images)
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Arsenal’s title rivals Manchester City could face a game-changing situation as they deal with 115 financial charges from the Premier League.
This comes as Etihad’s owner, Abu Dhabi-based investment company ADQ, is reportedly planning to go public on the stock exchange this year. Part of the charges against City relate to their sponsorship deal with Etihad Airways.
A report by German publication Der Spiegel claims leaked emails show the airline only paid £8million of their official £67.5m obligation to City for the 2012-13, 2013-14 and 2015-16 seasons. The rest allegedly came from the Abu Dhabi United Group.
If true, this would break financial rules set by both the Premier League and UEFA. It could also suggest a fraudulent conspiracy between City’s top brass and Etihad executives, according to one industry source.
City strongly deny the charges. They said in a statement issued in February 2023: “Manchester City FC is surprised by the issuing of these alleged breaches of the Premier League Rules, particularly given the extensive engagement and vast amount of detailed materials that the EPL has been provided with.”
“The club welcomes the review of this matter by an independent commission, to impartially consider the comprehensive body of irrefutable evidence that exists in support of its position. As such we look forward to this matter being put to rest once and for all.”
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