halfcenturyup
Well-Known Member
- Joined
- 12 Oct 2009
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Who is Jaber Mohammed? Delaney is waffling on about him as if he is key to us being done.
I thought I’d asked on this thread earlier but it was unintentionally put in the media one.
It's to do with the Etisalat transaction looked at by UEFA. He arranged payment of 30 million to MCFC on behalf of ADUG in respect of the sponsorship in advance of the receipt of the cash by ADUG from Etisalat. Etisalat later reimbursed ADUG.
Why did ADUG pay instead of Etisalat? Because the new contract with Etisalat stated Etisalat> ADUG> MCFC as the payment method.
Why did they pay in advance? Because the contract hadn't been signed and the parties were operating under a binding HoA. Etisalat, with their regulatory and statutory requirements, couldn't pay until the contract was signed.
It's all in the CAS award.
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