Manchester City chairman says club will 'prevail' in UEFA investigation

LONDON (Reuters) - Manchester City chairman Khaldoon Al Mubarak says the club will "unquestionably prevail" in the investigation into alleged breaches by the Premier League champions of Financial Fair Play (FFP) regulations.

Manchester City chairman says club will 'prevail' in UEFA investigation

(Reuters)





European soccer's governing body UEFA has referred City to an independent judicial chamber after an investigation opened in March.

German publication Der Spiegel reported in March that the club's Abu Dhabi owners inflated sponsorship agreements to comply with FFP requirements.

"Am I uncomfortable? No. I respect regulatory bodies doing their job and any regulatory process that asks questions," Al Mubarak said in an interview published on the club website on Sunday.

"We have to professionally respond which is what we have done. We are dealing with each of these entities as per the process, we have clear answers.

"I believe, quite comfortably, if the process is going to be judged on facts then unquestionably we will prevail. If it's not about facts and it's about other things, then it is a different conversation."

FFP rules are intended to prevent clubs receiving unlimited amounts of money through inflated sponsorship deals with organisations related to the owners.









(Reporting by Toby Davis; editing by Tony Lawrence)


Share

1 min read

Published

Source: Reuters



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world