In the final agreement reached with Uefa, City pledged “not to improve” the value of two of the secondary sponsors that were not mentioned and Uefa reportedly agreed not to reduce the argument that the companies are related. Specifically, the alleged correspondence demonstrates that the value and payment dates of the agreements were modified a posteriori in order to ensure that the association complies with BER. A club executive reportedly said in one of the emails, “Of course, we can do whatever we want” when asked by a colleague if the club could change the payment dates. For the regulatory authority, these revelations are not only a non-compliance with BER, but also fraudulent financial reporting. UEFA announced on Friday evening that it had reached settlement agreements with nine clubs that had breached the Break-Even rules of the Financial Fair Play (FFP). To understand the details of the UEFA comparison procedure, click here. The rest of this blog contains a high-level description of Manchester City`s sanctions, with some initial comments on Manchester City`s deal and a summary of the club`s other eight sanctions. The city signed its transaction agreement on May 16, 2014; UEFA`s formal investigation was opened on 7 March 2019 and referred to the CFCB`s independent adjudicative chamber on 16 May 2019. The ban came on February 14, 2020.
On Friday, Manchester City, like most Britons on the eve of Storm Dennis, had agreed on an imminent bomb cyclone. It took the form of UEFA`s Club Financial Control Body (CFCB), which banned Manchester City from all UEFA club competitions for two years and also fined the club €30 million (£25 million). Although the club has already agreed to a settlement agreement with the CFCB in 2014 for violating the Fair Play Regulation (FFP), alleged additional expenses, inflated sponsorship agreements and falsification of recordings (revealed via a cache of hacked emails) have led to the current ban. Five years after the settlement agreement, the CFCB`s investigating chamber announced a formal investigation by Manchester City for breaching BER during the first supervisory period. In a series of internal emails and documents circulated by german news magazine Der Spiegel, Manchester City reportedly changed sponsorship deals with companies linked to the club`s owner, Sheikh Mansour. Some facts remain, such as the fact that they violated the rules of the FFP and that in 2014 they reached an agreement that effectively constituted a plea (including the PSG). This will not change and the perception will not change. .