• Latest
  • Trending
Man City to appeal 2-year Champions League ban

CAS ‘condemns’ Man City for obstructing case

July 29, 2020
YFM Accra revitalizes Mensah Sarbah Hall week with star-studded campus entertainment

YFM Accra revitalizes Mensah Sarbah Hall week with star-studded campus entertainment

July 8, 2025
GWF Officially Launches 2025 African Youth and Junior Weightlifting Championship

GWF Officially Launches 2025 African Youth and Junior Weightlifting Championship

July 8, 2025
My friend is gone- Bawumia pays tribute to late Akwatia MP

My friend is gone- Bawumia pays tribute to late Akwatia MP

July 8, 2025
President Mahama warns Gold abusers, as smugglers would face penalties

President Mahama warns Gold abusers, as smugglers would face penalties

July 8, 2025
Chief Justice files fresh case at ECOWAS Community Court over her suspension

Chief Justice files fresh case at ECOWAS Community Court over her suspension

July 8, 2025
Trump delays tariff hike, renews threat against key trading partners

Trump delays tariff hike, renews threat against key trading partners

July 8, 2025
Kenya’s saba saba protests hits deadly, as 11 people confirmed killed

Kenya’s saba saba protests hits deadly, as 11 people confirmed killed

July 8, 2025
NaCCA Urges Publishers to Align Books with Curriculum Standards to Boost Learning

NaCCA Urges Publishers to Align Books with Curriculum Standards to Boost Learning

July 8, 2025
International Youth Day: NYA Partners with YFM to Celebrate Youth Month in August

International Youth Day: NYA Partners with YFM to Celebrate Youth Month in August

July 8, 2025
Chief Justice files fresh case at ECOWAS Community Court over her suspension

Chief Justice Suspension: Government awaits Committee report- President Mahama

July 8, 2025
Ahafo NDC executives vow to deal with saboteurs in government institutions

Ahafo NDC executives vow to deal with saboteurs in government institutions

July 8, 2025
Suaman Market to roll out 24-Hour policy soon - DCE reveals

Suaman Market to roll out 24-Hour policy soon – DCE reveals

July 8, 2025
Happy Ghana
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Sports International Sports

CAS ‘condemns’ Man City for obstructing case

in International Sports
Man City to appeal 2-year Champions League ban
Share on FacebookShare on TwitterShare on Whatsapp

Manchester City obstructed the investigation into their finances that led to the club being fined €10 million ($12m), the Court of Arbitration for Sport said in a ruling published on Tuesday.

In the initial judgment two weeks ago, CAS highlighted the club’s “failure to cooperate” but the full 93-page document shed further light on how the club successfully overturned a two-year ban from European competitions imposed by UEFA.

“The majority of the panel finds that MCFC’s failure to cooperate with the CFCB’s investigation is a severe breach and that MCFC is to be seriously reproached for obstructing the CFCB’s investigations,” CAS said referencing UEFA’s Club Financial Control Body.

CAS said City’s conduct should be “strongly condemned” and it hopes the large fine would be a “sufficiently strong deterrent” to other clubs who have to comply with Financial Fair Play rules to enter the Champions League and Europa League.

CAS stressed that UEFA did not instigate “frivolous charges” and had a “legitimate basis to prosecute” City based on leaked emails appearing to show the Abu Dhabi-owned club deceived the governing body by overstating sponsorship deals from 2012-16 and hid the source of revenue linked to state-backed companies in the emirate.

City presented evidence to the CAS panel that was not given to UEFA as well as making new witnesses available, which contributed to the decision to allow the club entry to the Champions League next season.

The initial CAS news release was topped with the declaration that City “did not disguise equity funding as sponsorship contributions.”

But on the funding from an Abu Dhabi communications firm that sponsors City, CAS said in the full verdict that the “charges with respect to equity funding being disguised as sponsorship contributions from Etisalat are time-barred.”

CAS said that alleged breaches fell outside their statute of limitations because the payments were received in June 2012 and January 2013.

UEFA’s adjudicatory chamber had been “comfortably satisfied” that there was “compelling evidence” based on leaked emails published in 2018 that “payments were made or caused to be made by [club owners] ADUG but attributed to the sponsorship obligations of Etisalat so as to disguise the true purpose of providing equity funding,” according to details released by CAS.

The club was “well aware” that the payments … were made as equity funding, not as payments for the sponsor on account of genuine sponsorship liabilities.

City were cleared over their sponsorship contributions from the airline Etihad, with CAS saying it was “not comfortably satisfied” that the club used the sponsorship to hide the true source of funding.

UEFA-appointed investigators opened a case after leaked club emails and documents from City officials were published by German magazine Der Spiegel in November 2018.

They were likely obtained by a hacker from Portugal.

UEFA decided to create the FFP system 11 years ago to stabilise the football economy by monitoring finances of 200-plus clubs that qualify each year for its competitions.

Clubs must approach break-even on commercial income and spending on transfers and salaries. Sponsor deals linked to wealthy owners must be set at fair market rates.

Tags: Manchester City

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

NCCE calls for law enforcement to back COVID-19 education efforts

Next Post

Over 142,000 Persons Living with HIV do not know their status – Ghana Aids Commission

Next Post
AIDS

Over 142,000 Persons Living with HIV do not know their status – Ghana Aids Commission

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • YFM Accra revitalizes Mensah Sarbah Hall week with star-studded campus entertainment
  • GWF Officially Launches 2025 African Youth and Junior Weightlifting Championship
  • My friend is gone- Bawumia pays tribute to late Akwatia MP
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.