German media, Der Spiegel, highlights the close and suspicious financial relations between Manchester City club and the country of its owner, the United Arab Emirates.
The owners of the Premier League clubs in the eye of the storm. While Russian oligarch Roman Abramovich has been forced to distance himself from Chelsea, Manchester City coach Sheikh Mansour bin Zayed Al Nahyan may also be concerned in the coming months. If his club does not count their expenses to buy the greatest players on the planet, it is also generous to provide the services of the best lawyers in the UK. The goal: to defend itself in the best possible way against accusations related to its business practices.
According to an investigation by German media, Der Spiegel With access to confidential documents via Football Leaks, City broke the rules by paying players’ agents millions of euros in commissions. The current Premier League leader also set up a secret deal that allowed him to sign underage players, against compliance with established rules.
The unclear role of President Khaldoun Al Mubarak
Sheikh Mansour, owner of the city, a member of the royal family of Abu Dhabi, has spent more than 1.7 billion euros over the past ten years. Pharaonic spending whose goal through football is to give a positive image of the United Arab Emirates. In the UAE, the Abu Dhabi Investment and Development Group (ADUG) company, which was owned by Manchester City until last year before it was transferred to another company of Sheikh Mansour, is sure to belong to him completely privately and has nothing to do with it. With the government of the United Arab Emirates.
However, Football Leaks documents revealed that some of the payments were settled by the emirate. The Executive Affairs Authority (EAA), a government agency in Abu Dhabi focused on strategic direction, manages the accounts of the Abu Dhabi Abu Dhabi Group. Its leader is none other than Khaldoon Al Mubarak, Chairman of the Manchester City Board of Directors. He would have endorsed the government-controlled financial flows with the English club. Thus, requests to pay commission fees to agents were sent to the EAA’s lawyer.
According to some letters exchanged from the club, ADU was willing to bear the training costs associated with the transfer of Brahim Diaz from Malaga to City in 2013, while wishing to conceal its involvement. If the man. City has already been installed by UEFA in the context of Financial Fair Play, and was acquitted in 2020 by the Court of Arbitration for Sport. Neither Citi nor the EAA has commented on the allegations.
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