kaz7
Well-Known Member
CAS Report: "There is no evidence that agreements were backdated or that MCFC otherwise retrospectively tried to cover up any alleged violations following the publication of the Leaked Emails."
"The majority of the panel finds that Etihad sponsorship agreements are presumed to be negotiated at fair value and that MCFC, HHSM, ADUG and Etihad are considered not to be 'related parties
- The Leaked emails comprise admissible evidence - The Panel is 'not comfortably satisfied' that #MCFC disguised equity funding from HHSM and/or ADUG as sponsorship contributions from Etihad
"In the absence of a link being proven between HHSM and/or ADUG and Etihad (as indicated in the figure below), the majority of the Panel finds that UEFA's theory on disguised equity funding remains unsubstantiated.
"The majority of the panel finds that Etihad sponsorship agreements are presumed to be negotiated at fair value and that MCFC, HHSM, ADUG and Etihad are considered not to be 'related parties
- The Leaked emails comprise admissible evidence - The Panel is 'not comfortably satisfied' that #MCFC disguised equity funding from HHSM and/or ADUG as sponsorship contributions from Etihad
"In the absence of a link being proven between HHSM and/or ADUG and Etihad (as indicated in the figure below), the majority of the Panel finds that UEFA's theory on disguised equity funding remains unsubstantiated.