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City guilty of sham contracts

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Manchester City was found guilty Tuesday of using sham contracts to inflate revenue by about £900 million, in a ruling that could expose the club to severe sanctions.

The Guardian
Manchester City’s guilty verdict brings football’s great sell-off crashing to earth

On the day Andy Burnham spoke of the wrong turn Britain took under Thatcher, football was facing a day of reckoning over its own story of corporate acquisition It was somehow fitting that Tuesday’s damning ruling against Manchester City landed in the heart of the Labour party conference, in the afterglow of Andy Burnham’s rapturously received prime minister’s speech. I was there, and read the astonishing 40 pages of findings - that City created “sham” contracts to boost income artificially by £900m - on my phone during a long meeting of the Socialist Campaign Group, where people were celebrating Keir Starmer’s ousting and Burnham’s more leftwing direction. Continue reading. . .

Manchester City’s guilty verdict brings football’s great sell-off crashing to earth
Reposts 30 16h
Público
Manchester City's conviction threatens to jeopardize UK-UAE relations

Abu Dhabi tells the British government that a harsh verdict could alienate millions of pounds in investment. The opposition accuses Burnham, the former mayor of Manchester, of backing the club's owners.

Reposts 1 6h
Financial Times
Manchester City’s fightback begins

Also in today’s newsletter: NFL fatigue in London

Reposts 1 13h
Tages-Anzeiger
Scandal in the Premier League: The 900-million fraud – for Manchester City no punishment is severe enough

For nine years the club operated with fake contracts to buy its way to the top of English and European football.

Scandal in the Premier League: The 900-million fraud – for Manchester City no punishment is severe enough
Reposts 0 11h
To Vima
Manchester City: The Shadowy Millions Threaten Football

The Manchester City case marks the most pivotal moment in Premier League history—the possible sanctions, their political implications, and the timeline of the case.

Manchester City: The Shadowy Millions Threaten Football
Reposts 0 14h
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