Published: Fri, November 09, 2018
Sport | By Patty Hardy

Manchester City created shell company to hide player costs from UEFA

Manchester City created shell company to hide player costs from UEFA

La Liga president Javier Tebas made a similar claim a year ago, with European football's governing body Uefa responding by saying it was not investigating City, who have won the Premier League three times since Sheikh Mansour took over in 2008.

In its latest claims, Der Spiegel says City used "creative solutions" including selling players' image rights to an external company, therefore writing off that cost from their accounts.

The claim was made in the magazine's latest revelations based on documents released by Football Leaks.

La Liga, the Spanish top flight, has said that, if UEFA does not act, it will "launch a complaint with European Union competition authorities".

Defending the Premier League champions as "incredibly professional" in response to allegations they bent financial fair play rules, he added: "Of course, like many, many clubs around the world they have a lot of money, but they are also an incredible club".

And it says that in 2014 the clubs negotiated with Fifa president Gianni Infantino, who was then general secretary of European football's governing body Uefa, to agree reduced punishments.

Man City has not disputed the authenticity of the documents, and said an "attempt to damage the club's reputation is organized and clear".

In a repeated statement they first issued last week, City said they would not comment on what they described as "out of context materials purportedly hacked or stolen from City Football Group and Manchester City personnel and associated people".

Der Spiegel said this helped turn nearly 30 million euros ($34 million) into revenue instead of a cost, for the objective of UEFA's investigation of club accounts.

In addition, Jose Mourinho has stated that he suspected Manchester City of these kinds of wrongdoings from several years. "I have thoughts from a few years ago but I keep the thoughts to myself, "he said at his pre-match press conference ahead of United's clash with Juventus on Wednesday".

"I am a manager". I'm part of the club and I support completely the club.

"I'm a manager. I'm completely out of how we handle this situation. But internal emails tell a different story, providing evidence of backdated contracts, illusory sponsoring payments and cavalier, "We can do what we want", business practices".

"Every game is important and you have to evaluate", he said.

City CEO Ferran Soriano complained in one memo that ECA members were pushing for the UEFA rules - which many thought could curb the rise of Man City and Qatari-owned Paris Saint-Germain. "After we have three or four days to think about United".

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