According to reports, Manchester City may have an increased chance of defeating the 115 Premier League opponents thanks to Etihad Airways. According to reports, their long-term sponsors are willing to permit complete disclosure of their records, which is significant given the accusations made against the Premier League champions.
The Premier League’s charges against Pep Guardiola’s team are still very much in play, and a big chunk of the accusations revolve around the sponsorship agreement between City and Etihad.
According to a recent article by the German news publication Der Spiegel, the aviation firm was only providing £8 million of the official £67.5 million obligation to City; the remaining amount was provided to the club through covert equity money from its Abu Dhabi ownership. Should such allegations prove to be true, the money would violate the financial guidelines established by UEFA and the Premier League.
According to reports, Etihad Airways will try to clear the company’s and the City’s names. According to reports from the Middle East, the airline is getting ready for an IPO, in which it will fully disclose all of its financial information and strip itself naked.
Stock market insiders, according to The Mirror, think it is “unlikely” that Etihad would provide access to their financial records and business procedures in the event that it turned out they had committed fraud and violated Premier League financial regulations.
Pep Guardiola made disparaging remarks about Mikel Arteta prior to City vs. Arsenal.
“What the Premier League is claiming is quite serious—and not only in terms of the laws governing sport. It is alleged that City management conspired with Etihad representatives and misled to the Court of Arbitration for Sport as well as the club’s independent auditors. Thus, it also raises the question of what data City’s owners sent Silverlake prior to the American private equity group acquiring a sizeable share of the team in 2019. Because of this, the Premier League’s accusations against City go well beyond just saying that they violated the Profit and Sustainability Rules.
Since the charges were made public, City has insisted that they are innocent of the charges, and Etihad presenting their financial situation may help them overcome the charges levelled against the team.
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