What now for Abu Dhabi’s Man City project? | Malay Mail
LONDON, Feb 16 — Manchester City have enjoyed a meteoric rise from mid-table mediocrity to serial trophy winners thanks to the deep pockets of Abu Dhabi’s Sheikh Mansour. But now they face their biggest challenge of the new era. European football’s governing body UEFA on Friday banned City...
LONDON, Feb 16 — Manchester City have enjoyed a meteoric rise from mid-table mediocrity to serial trophy winners thanks to the deep pockets of Abu Dhabi’s Sheikh Mansour. But now they face their biggest challenge of the new era.However, failure to overturn the ban, even if it is reduced to just a one-season suspension, would have huge ramifications for City on and off the field.
UEFA’s Club Financial Control Body found that City ensured they did not fall foul of those restrictions by overstating their sponsorship revenue between 2012 and 2016.Under the former Barcelona and Bayern Munich boss, the club rewrote the record books in storming to the Premier League title with 100 points in 2017/18 and won a first-ever domestic treble of trophies in English football last season.
Similarly, players such as Kevin De Bruyne and Raheem Sterling are unlikely to want to waste two of their peak years without Champions League football.It would be almost impossible for the club to lose that level of revenue for two years and remain FFP-compliant without cutting costs on transfer fees and wages, or selling players.
The great unknown is how Abu Dhabi reacts to the setback. Former City CEO Garry Cook told The Athletic in December the aim of their takeover was to “create a proxy brand for Abu Dhabi.”The club have reported a combined profit for the past five years of £51 million (RM276 million) and revenues have risen to £535 million a year.
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Man City banned from European competition for two seasons by UEFAMANCHESTER: English champions Manchester City have been banned from European competition for the next two seasons and fined €30 million by European soccer’s governing body UEFA after an investigation into alleged breaches of Financial Fair Play (FFP) rules.
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Man City banned from European competition for two seasons by UEFAThe football club was also fined 30m euros after an investigation into alleged breaches of Financial Fair Play rules. Well done, UEFA. From a United fan. 😁
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