Man City could see bid to beat Prem charges get a boost with new evidence set to emerge | Football | Sport

Manchester City could reportedly see their chances of beating the 115 Premier League charges boosted by Etihad Airways. Their long-term sponsors are significant in allegations made against the Premier League champions, and they are said to be willing to allow full disclosure of their accounts.

The charges made by the Premier League continue to loom over Pep Guardiola’s side, with the sponsorship deal between City and Etihad being a significant part of the allegations made against the club.

German news outlet Der Spiegel recently reported that the airline company were only paying £8million of the official £67.5m obligation to City, with the rest being paid to the club by disguised equity funding from the club’s Abu Dhabi ownership. If those claims are correct then the funding would break the financial regulations put in place by the Premier League and UEFA.

Etihad Airways are reportedly set to take a step towards attempting to clear the name of the company and City. Reports in the Middle East have claimed that the airline are preparing for an Initial Public Offering which would see the company bare all and provide full disclosure of its accounts.

According to The Mirror, stock market insiders believe it is ‘unlikely’ that Etihad would grant access to their finances and corporate practices if it were to show they had committed fraud and broken the financial rules of the Premier League.

A senior figure in the investment banking industry explained: “If it came to light that Etihad executives were indeed involved in manipulating the sponsorship deal with City, it could cause serious damage to the company’s reputation in the eyes of potential investors. Etihad would also have an obligation to disclose any ongoing investigation into the company’s accounts or conduct before the IPO was launched.

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