You're not a City supporter but you've posted 234 messages on Bluemoon ?. Are you sufficiently fascinated by this issue to have read the CAS settlement document, probably not. The Chairman and CEO of Ethihad Airways testified under oath (in a Swiss court ie CAS) that he authorised the sponsorship of MCFC by Ethihad Airways. So the notion of disguised equity seems to be based on the fact the owners of MCFC and Ethihad Airways were from the same country. So was the sponsorship of MUFC (owned by Americans) by General Motor's also American disguised equity funding ?. Perhaps you might like to clarify ?