Whilst we should take comfort from that statement, it’s what it doesn’t say that goes to the nub of the matter and continues to trouble me.
No.2 “The owner has not put any money into the club that has not been properly declared.”
UEFA’s whole argument centres not on what Sheikh Mansour has been seen to inject into the club, but rather what the hacked emails suggest he has put into Etihad in order for that money in turn to be put into the club. I don’t doubt that City’s books accurately record that Etihad, and Etihad alone, has pumped money into the club, but that isn’t what we’re being accused of.....or at least I don’t think it is.
If Ferran Soriano had added something along the lines of “nor has he (Sheikh Mansour) pumped money into Etihad (with or without the intention of that money being funnelled back to City under the guise of sponsorship)”, then I’d be whooping for joy and shouting “take that Gill you fucker”, but he (Sorriano) didn’t say anything of that nature, or at least not that I’m aware of. It may just be semantics, but as it stands, the statement he did make could be viewed as potentially disingenuous.
My opinion as to the likely outcome of this (albeit that it’s the same kind of stab in the dark as virtually everyone else’s opinion), is that we will need to actively disprove or at the very least discredit those 2 or 3 emails that referred to SM meeting the bulk of the Etihad payment and more especially the one asking how SM’s money should be routed (ie via the club first or via Etihad first). If we’ve gone into battle without that proof, then I think we’re on to a loser, because however solid CAS are reputationally, I am consumed by the nagging feeling that they won’t want to be seen to overturn a case of this profile on regulatory grounds alone