The English newspaper “The Guardian” reported that the punishment imposed on the English club came because it violated the rules of fair financial play.
The English newspaper report showed that the European Union found City misguided and breached the rules of fair financial play.
The report pointed out that “City was convicted of artificially inflating their sponsorship contracts, after the publication of the German magazine Der Spiegel for sponsorship contracts for the English Club.”
The leaked documents stated at that time that the City sponsorship contract of £ 67.5 million proved that only 8 million came from the sponsorship contracts of “Al Etihad” Company, while the rest of the amount came from “Abu Dhabi United Company” owned by the owner of City himself Sheikh Mansour bin Zayed Al Nahyan.
City responded earlier to the leaks, saying it was an attempt to distort the club.
City has the right to file an appeal during the coming period through the sports court, which means stopping the penalty until the final decision is issued.
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