Metalartin
Well-Known Member
- Joined
- 15 Jul 2015
- Messages
- 12,373
I'm more confused about the "inflated sponsorship" claim, off the back of an alleged related party payment to Etihad.One thing I am strugling with is the charge.
Etihad have many investors from the UAE and obviously our owner is one, there is nothing fraudulant or corrupt about such investment and cetainly not illegal
If etihad use some of their investments to them to fund our sponsorship, well that's their decission and shouldn't need to be declared in my opinion.
So the only way uefa could know the money may have been partly from investmemts from the shiek could inly be found out through illegal means such as the hacking claims.
So uefa are using illegal means and inuendo to make a case and charge us.
Anyone defending uefa is defending illegal acts and collusion.
I had originally thought that the angle they were coming from was that a related party provided payments via Etihad and that should have been disclosed. So the breech was that of deception.
It looks like they want to claim that Etihad should now be deemed a related party source, off the back of a one off payment, when Etihad were taking losses(the reasons they needed help are well documented), that City assure did not come from a related party source anyway. That all seems like shaky ground from UEFA.
That's the only way the 2012-2016 claim makes sense to me because there was nothing in the email leaks beyond the 2012-13 period, where this whole case rests. There are obvious flaws in this reasoning, even to your average Joe like me who doesn't claim to be a legal or finance expert. I'd be interested to hear @Prestwich_Blue's take on this.
For a start, as I alluded to above, a one off payment, even if it was from Sheikh Mansour and they can prove it(which City have challenged from the start). Surely that can't be enough to prove beyond the question of doubt, that Etihad always was and still are a related party source?
Secondly, I didn't think Fair Market Value had anything to do with what a sponsor can afford. I thought it's what the club is worth to none related party sponsors. So how does the fact that Etihad could only pay £8m one season affect right up until 2016? Why even stop at 2016 if they are going to be as bold as that? Are they saying, only then were we worth what we are getting on the Etihad deal? How is it then, that if I remember right, that their own auditors said different back in, what was it, 2014?
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