UEFA opens formal investigation into whether Manchester City violated financial monitoring rules Globe_Sports
UEFA has opened a formal investigation into whether Manchester City has violated financial monitoring rules, after confidential club documents were published in the Football Leaks series.
The revelations suggest Man City officials deceived UEFA over several years, including by disguising the source of revenue from sponsorship deals tied to the club’s owners in Abu Dhabi. Man City has repeatedly declined to address specific allegations, and have not contested the authenticity of the documents.
Launched as the flagship policy of UEFA’s then-president Michel Platini, it was designed to force clubs to break even on their soccer-related income and spending to prevent clubs from becoming unsustainable. It also sought to control wealthy owners distorting the market in transfers and wages by driving up costs.
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