Manchester City accused of showcasing Sponsorship Deal
In 2014, the city had imposed a penalty of 450 million on breaking the rules
The 125 year old club won the title of EPL six times
Sports desk English football club and current EPL champions Manchester City can play a one-year ban on Champions League. City is accused of breaking the financial fair play rules of the UEFA (Union of European Football Association). The team is accused of showcasing the sponsorship deal. According to the media report, the UEFA's inquiry committee has recommended the ban for the city for one year. The inquiry committee may submit report to UEFA this week. Last year, a German magazine published a report about breaking the rules on the city. However, City rejected all allegations against him.
Manchester City has won the EPL (English Premier League) for the second consecutive season in the current season. According to German Magazine, the city had sponsored the Rs 545 crore sponsorship deal with an airline company. But he got only Rs 73 crore from the company. The money left from the deal comes from another company. For this reason the team was caught in the breaking of the financial rules. Apart from this, other financial charges have also been started on the club. Earlier, due to breaking rules on the city, a fine of around Rs 450 crore was imposed on behalf of the UEFA. Another club, Paris St. Germain, has also been fined in 2014.
Chairman of Belgium's former PM inquiry committee
Former Belgian Prime Minister Yves Litreme is the chairman of the inquiry committee. The members of the inquiry committee met in Switzerland two weeks ago and discussed various aspects of the club and reached a conclusion about this. They can give their reports this week. The City is being considered a blow to the Ban English Club. The team has won four EPL titles in the last eight years. The team has so far won the title of the tournament six times. In place of the City, another English club can be given a chance to enter the tournament.
The current will not take place in the next season.
The current season of Champions League starts on June 25. In such a case, if the city is banned, then he will have an opportunity to appeal to the Court of Attribution. In such a situation, due to delays in decision making, the team will be able to play the current 2019-20 season. Then it will be banned for the 2020-21 season. In 2018, Forbes considered the City as the fifth most expensive club in the world with 17 thousand 290 million rupees. UEFA made Fair Play rules to reduce the club's losses in 2011.
In 2008 the Abu Dhabi Group bought the club
In 2008, the Abu Dhabi United Group purchased Manchester City Football Club from Thailand's former Prime Minister Thaksin Shinawatra. Since then, a lot of money has been spent on the club's facilities. Expansion of the facilities of the 125 year old club spent over Rs. 900 crores. In addition to England, the team also plays in Australia, Japan, Spain, Uruguay and China. He is going to buy a club in India too soon. Khaldun Al Mubarak is the chairman of the team. The team owner is Sheikh Mansur bin Zayed Al Nahyan.