Manchester City have been accused of misleading UEFA’s Financial Fair Play regulations, according to Der Spiegel.
The German news outlet claims that leaked documents show that they inflated sponsorship deals to disguise the huge investments made by their Abu Dhabi owners, in which enabled them to avoid further and more severe FFP penalties.
The Premier League champions are yet to make a comment in reply to the allegations.
“We will not be providing any comment on out of context materials purported to have been hacked or stolen from City Football Group and Manchester City personnel and associated people.
“The attempt to damage the club’s reputation is organised and clear.”
City’s chief financial officer is claimed to have outline the need to cover the cost of paying off former manager Roberto Mancini.
“We will have a shortfall of £9.9m in order to comply with UEFA FFP this season,” he’s alleged to have written. “The deficit is due to RM termination. I think that the only solution left would be an additional amount of AD sponsorship revenues that covers this gap.”
Details of their sponsorship with Etihad have also been published. It is alleged that £59.5 million of the £67.5 million was financed by owner Sheik Mansour.
It remains to be seen if UEFA or the Football Association will investigate the matter.
UEFA had previously found City in breach of FFP regulations in 2014 and the two parties reached the settlement of a £49million fine – £32 million of which was suspended.