But PSG were adjudged to have been sponsored by a related party above fair market value. That seems to be the case here with the emails purportedly exposing Abu Dhabi's payment of the Etihad money. So why would City be banned when PSG were given a retroactive devaluation?
Because the problem of UEFA with PSG is the value of their related party sponsorships. PSG didn't try and fool UEFA (what City is accused of) about those deals and their value.
UEFA in concertation with PSG deemed that 200 M QTA deal was worth 100 M. So, PSG operated with that 100 M value in mind.
However, when PSG did Neymar/Mbappé, Real Madrid, Barcelone and Tebas went mad and cried calling foul. Then UEFA launched an immediate investigation and decided to devaluate retroactively those deals.
Again, it is not PSG that had unilaterally decided it was worth 100 M. It was UEFA that agreed it was the fair value.
So they went on and decided QTA is worth around 50 M and they devaluate the other contracts by a minor margin. Instead of showing benefices during 2015/2016/2017 years, PSG is now in big deficit due to the retroactive effect.
PSG has now one window (15 days) to find the difference to comply with the authorized deficit in FFP break even rule. PSG, then, proceeds to sell for the correct amount missing.
So what happens ? UEFA then launches another investigation over their own 1 year investigation, saying they should investigate more and deeper and devaluate more : simply, they want to make us being caught by FFP despite the fact we did exactly what they asked us to do.
So PSG goes to CAS and we win on a technicality, not even for their obvious moving goalposts strategy.
City is accused of having lied about the way (and who is behind) the money is coming from some sponsorships. A similar situation would have been if Football Leaks had shown QTA is receiving direct money from the Emir of Qatar to finance PSG. But well, it is sure that QTA deal was a way to circumvent the FFP in the first place anyway.
And the latest news about QTA (named Qatar National Tourism Coucil recently) is that UEFA expressely asked for the termination of the contract !
I didn't even know UEFA could tell you to terminate a contract. I mean, they can put the "fair value", all right. But who are they to tell you to terminate a contract.
However, recently, Nasser said that the contract could still be going on but under another form. He said that since there are advertisement about Qatar (Visit Qatar) around the stadium and we make the Winter Qatar Tour promotion, it should not be for free.