That was when City agreed an FFP settlement with Uefa, based on the club’s reporting of its finances, which included that Etisalat, a In fact, the judgment recites, the AC found that ADUG had funded the payments, and that: “The management of [MCFC] was well aware that the payments … made by [a third party on behalf of ADUG] were made as equity funding, not as payments for the sponsor on account of genuine sponsorship liabilities.” The judgment notes that although City and Etisalat had agreed a sponsorship deal in principle in 2012, the actual contract was concluded only in January 2015, and was stated to be retrospectively effective, from 1 February 2012.In public statements throughout the process, City had accused the members of the IC, AC and Uefa itself of bias against the club, claiming they ignored “irrefutable evidence”. Manchester City should be "severely reproached" for showing "blatant disregard" to A 93-page written explanation from the Court of Arbitration for Sport discloses how the club obstructed investigators four times by refusing to hand over evidence before they were initially banned from the Champions League in February. ... (CAS) after being hit with a two-year suspension and 30million euros fine. Sheikh Mansour himself also provided a letter, stating: “I have not authorised ADUG to make any payments to Etihad, Etisalat or any of their affiliates in relation to their sponsorship of MCFC.” On the basis of the further evidence it considered, the Cas panel found the Etihad charge to be “not established”.The judgment reveals that on 9 March this year, nine other Premier League clubs wrote to Cas opposing any attempt by City to seek a “stay of execution” allowing them to play in Europe next season if the appeal hearing was delayed. As also acknowledged by MCFC, there was a legitimate basis to prosecute MCFC.”The Cas judgment also contains the extraordinary revelation that the panel’s chairman, Some European sports lawyers, speaking to the Guardian, have questioned the independence of the panel member nominated by City, The Cas rules state that “arbitrators must be independent, [having] no particular connection with any of the parties”. © 2020 Guardian News & Media Limited or its affiliated companies. The Cas judgment makes no suggestion of bias, and states that “Uefa by no means filed frivolous charges against MCFC.
The appealed decision is therefore not The court felt the governing body had grounds to seek punishment against the Premier League club, but alleged FFP breaches weren't proven Zinchenko responds to wife’s criticism of GuardiolaNeymar congratulates wrong team after PSG lose UCL final But three weeks later City told Cas it had not requested a stay of execution. Usain Bolt goes into quarantine amid reports he has tested positive for Covid-19 The Cas judgment makes no suggestion of bias, and states that “Uefa by no means filed frivolous charges against MCFC. A majority of the panel found the Etihad sponsorship deals had been negotiated at “fair value” and instead ruled that Uefa’s theory on disguised equity funding “remains unsubstantiated”.The documents detail how City claimed Uefa’s “inferences” of wrongdoing were drawn from seven "criminally-obtained" documents [six emails & one attachment out of a total of 5.5 million hacked documents] that were “confusing snapshots, taken out of context, of matters that simply did not happen in the way that has been portrayed”.However, Uefa described City’s behaviour as “the most serious, sophisticated, deliberate and fundamental attempt to circumvent and violate basic financial fair play principles”.
City had a two-season ban from UEFA competitions quashed earlier this month after CAS found they were not guilty of "disguising equity funds as sponsorship contributions", although they were fined €10 million (£9m/$11m) for not co-operating with the investigation launched by European football's governing body.UEFA, which previously punished City for FFP violations in May 2014, opened a fresh probe on the back of a series of articles published by German publication On Tuesday, CAS released its full findings on the case, which explained those emails were admissible evidence.The allegation that sponsorship money from Etihad - the Abu Dhabi airline that adorns City's playing shirts and lends its name to the club's stadium and training facility - was funnelled in via the Abu Dhabi United Group and Sheikh Mansour's personal fortune could not be proven.
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