Well all thr money ended up in Fordham SIR eventually. And as I said, UEFA were aware of it and discussed it with City. I think it said in 2015 in that Reuters piece, so that was well before the Der Spiegel articles. They told us that we couldn't offload costs via FSIR.
If that's the case then this came up as a result of the 2014 settlement, so it wasn't news to UEFA in 2018.
Unless you know otherwise, everything I’ve read suggests UEFA knew we’d sold off the image rights to a company on very favourable terms, not that Fordham was ultimately being funded by ADUG.
That was the new info from 2018.