I looked at it again. It's here if anyone else wants to read it:
https://www.dailymail.co.uk/sport/s...-City-did-cheat-Premier-League-FFP-rules.html
The email was from Pearce, using his Executive Council email, sorting out an issue with the payment to Etihad from the EC, which hadn't been calculated correctly. We already knew that the EC funded the majority of that sponsorship so that's no revelation. In it, he uses the term "we" to refer to City but says "...I have underpaid you". That was jumped on by Harris, in the MoS piece above, to show that Pearce had lied to CAS when he denied arranging any payments to Etihad.
On one level it does seem to contradict that denial but, as we know, those emails were used incredibly selectively. There could easily be other interpretations of that email, including that Pearce was asked to sort out the problem on misaligned payments on behalf of the EC, or that his denial was based on not being the person who made the sponsorship arrangement on behalf of the EC. Or that "arranged" was interpreted by him as being the person who actually made the transfer. Who knows? In that email he appears to be doing some arithmetic and sorting out with Etihad how they want to correct the mistake.
But at the end of the day, even if Pearce had blatantly lied, it's a complete red herring. It has no bearing on the central charge of equity funding being disguised as sponsorship revenue. The Executive Council provided the additional money to Etihad and whether it was Pearce, Sheikh Mohammed, some other functionary or Uncle Tom fucking Cobbleigh. it makes zero difference to the overall outcome. As I said, total grasping at straws.