So another big, fat nothing burger?
Etisalat was described pretty completely in the CAS award and, as far as I am aware, the facts aren't disputed. There is no mystery to me, other than why the club felt compelled to record the money from ADUG as a reduction of the receivable from Etisalat rather than through a current account from ADUG.
As far as I am aware, short-term funding and its repayment is allowed by FFP, so I am not even sure what the actual issue is.
There is no impact on the true and fair view given by the accounts due to the treatment of the Etisalat sponsorship. So that goes right of the window on day one. The rest is for lawyers to argue over. Fraud? Deliberate concealment? Good luck proving that when we can roll-out a dozen witnesses who were involved explaining why what happened happened the way it did. Would be a foolhardy panel to say all those witnesses were lying when the only evidence they have is a couple of "out of context" emails.
Maybe the PL is hoping the club will settle so everyone can say we were found guilty. I am not sure Mansour and Khaldoon are in the mood for that.