Man City chief assures FFP allegations are ‘simply not true’

Man City chief assures FFP allegations are ‘simply not true’

Manchester City chief executive Ferran Soriano has moved to make definitively clear that the severe sanction handed down to the club by Uefa has come on the back of wholly false allegations.

City made an example of

The bombshell announcement regarding City’s punishment arrived late last week.

First, a number of highly-reliable sources confirmed that the Premier League champions had been slapped with a 2-season Champions League ban, and hit with a £25 million fine.

This was swiftly followed by confirmation on the part of Uefa, in a statement which read:

‘The Adjudicatory Chamber, having considered all the evidence, has found that Manchester City committed serious breaches of the Uefa Financial Fair Play Regulations by overstating its sponsorship revenue in its accounts and in the break-even information submitted to Uefa between 2012 and 2016.’

‘The Adjudicatory Chamber has also found that in breach of the regulations the club failed to cooperate in the investigation of this case by the CFCB.’

The decision on the part of European football’s governing body came on the back of an in-depth investigation into Manchester City’s financial situation.

This investigation was reportedly sparked by Der Spiegel in November of 2018, after the German publication highlighted the fact that the Sky Blues had falsely inflated the club’s revenue gained through sponsorship, in a bid to comply with Financial Fair Play regulations.

Phil Foden

MANCHESTER, ENGLAND – APRIL 20: Phil Foden of Manchester City celebrates with teammates after scoring his team’s first goal during the Premier League match between Manchester City and Tottenham Hotspur at Etihad Stadium on April 20, 2019 in Manchester, United Kingdom. (Photo by Shaun Botterill/Getty Images)

‘Not true’

Manchester City themselves, though, remain utterly defiant in their stance that the club have in fact done no wrong.

And, as outlined above, this viewpoint has now been put forth for the latest time by Sky Blues chief executive Ferran Soriano.

Speaking in a recent interview, Soriano was drawn on Uefa’s ruling, with the Spaniard having been quick to assure that any and all allegations of financial wrongdoing against City have been made falsely:

‘Well the most important thing I have to say today is that the allegations are not true. They are simply not true.’

‘The owner has not put money in this club that has not been properly declared. We are a sustainable football club, we are profitable, we don’t have debt, our accounts have been scrutinised many times, by auditors, by regulators, by investors and this is perfectly clear.’

‘We are looking for an early resolution obviously through a thorough process and a fair process so my best hope is that this will be finished before the beginning of the summer and until then for us, it is business as usual.’

Quotes via Sky Sports

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February 21, 2020 at 11:12AM

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