Manchester club has long been suspected of financial foul play.
After a long-winded legal battle with UEFA once the Premier League club was banned from European competition for breaching Financial Fair Play rules, Manchester City believed their scrutiny was coming to a close after a CAS ruling went in their favour, yet emails have come to light which suggest the club were guilty of illegitimately inflating their income in 2011.
The suspicion has been that Manchester City used companies owned by their state-funded group to sponsor the club’s shirts and stadium which vastly inflated their income, virtually allowing the Abu Dhabi state to pump money into the club and it conform with FFP rules.
In an expose published in Sunday’s edition of the Daily Mail, a number of emails have been leaked which suggest that the Sky Blues deceived UEFA with a huge inflation of their shirt sponsorship deal.
The sponsoring of the club’s shirts with Etihad was reported to have contributed 12 million pounds to balance the accounts for the 2010/11 season, although the real value of the sponsorship was actually much lower as per this report, around four million pounds.
This revelation has caused a great stir in England and has once again put eyes on the fact Manchester City’s incredible success may have been reached through a flouting of competition rules.