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English football clubs

How is Man City club’s financial fraud? (Part 2)

126 seconds of injury time goes into the history of Man City, and of the Al Nahyan clan. They rise to become championship candidates in the following seasons. Fans think that success is a miracle. In fact, the problem is only time.

The record contracts that Mansour Al Nahyan brought back to Etihad deviate from the way the other teams spend money. They drenched their money on the transfer market, relying on sponsorship deals that were essentially out of pocket from Abu Dhabi.

Man City play at Etihad. On the shirts they also print Etihad. Etihad is an Abu Dhabi airline owned by a younger brother of Mansour. Telisal company Etisalat, Aabar investment fund or travel agency Abu Dhabi also sponsors Man City.

English football has never witnessed such big sums of money. Three days before Aguero brought back the first Premier League title for Man City, the team leader created an internal analysis with the headline: A summary of the owner’s investment.

After three years and eight months of acquiring Man City, the Al Nahyan family has invested 1.1 billion pounds (about 1.4 billion USD). Of which, the loss compensated was 217 million pounds (282 million USD). Remarkably, additional funding from Abu Dhabi’s partners reached £ 149.5 million ($ 194.4 million).

To understand what is “additional financing from Abu Dhabi partners”, we must return to the Agueroooooo moment. Leading Man City to glory is coach Roberto Mancini – who has won the Serie A three times before. But, just one season after winning his first Premier League title for Man City, he was fired for failing to protect the title. The views of the Man City bosses are: Who does not reach the goal, will be replaced. But they face a bigger problem, which is UEFA’s announcement of the Financial Fair Law (FFP).

The number one goal of FFP is to help some teams get out of debt and go bankrupt. The second goal is to ban teams from spending too much on revenue. And Man City faces the risk of being touched.

Categories
English football clubs

How is Man City club’s financial fraud? (Part 1)

When asked by the team if the team can manipulate the contract, a Man City manager replied: We can do anything we want.

In 1880, 28-year-old girl Anna Connell formed a football team for the common or unemployed workers, helping them quit drinking. 7,000 km away, the Al Nahyan family dominated Abu Dhabi thanks to camel breeding and pearl fishing. They live in mud brick houses, hidden under palm trees. A football team for the Al Nahyan family is as vague, as the desert heat for Manchesterians.

128 years later, the Al Nahyan clan becomes an oil billionaire. They arrived in Manchester – the “Capital” of the North of England. Money helps them turn a vague day into a shining “pearl”. From a mid-level team in Manchester, Man City became the Premier League’s leading club, a superb promotional product with Abu Dhabi. They own world-class stalwarts like Sergio Aguero, David Silva or Kevin de Bruyne, under the strategist Pep Guardiola. The Al Nahyan family’s journey becomes a unique story.

But, the jewel of Abu Dhabi is scratching. Documents from Football Leaks – the platform that specializes in exploiting mistakes – expose the tricks behind Man City’s success.

Man City bosses established the capitalist era in football. The “capitalist” here refers to the era when companies were ruthless and broke all rules. That is also the way some contemporary teams work. Since being taken over by Abu Dhabi leaders, Man City looks for every trick to get into the ranks of the European football elite. They create a global, profitable brand by breaking down barriers. Man City’s glory stems from deception.

May 13, 2012. 93 minutes, 20 seconds. Agueroooooo. It was an unforgettable Man City fan moment. In the final round of the Premier League, they needed three points to win after 44 years of waiting. Their opponent – Queens Park Rangers – suddenly took the lead.

The situation was more unfavorable for them, when Man Utd neighbors won the match at the same time. The heaviness on the face of the Eithad spectators, because they may have to see Man Utd again on the throne. 91 minutes, 14 seconds, Edin Dzeko headed equalizer, rekindled hope for Man City. More than two minutes later, Sergio Aguero scored against QPR, bringing the championship back to Etihad. Commentator Martin Tyler’s voice was lost as he shouted Aguero’s name, when the net shook.