The Premier League have announced that they are ready to investigate the allegations that have been aimed at Manchester City and their intentional efforts to circumvent UEFA’s Financial Fair Play rules.
German publication Der Spiegel have leaked a number of emails this week, supposedly from internal sources from within Manchester City, which seem to strongly suggest that the Premier League champions have intentionally tried to bypass FFP rules by artificially inflating sponsorship deals.
The emails suggest that the Citizens have asked Sheikh Mansour to plough additional millions into the club via his other companies (such as Etihad Airways) to ensure they fall within the allowable financial losses, and to make the club appear as though it is self-sufficient.
While world governing body, FIFA, have already said they will look into the claims, the Premier League have now jumped into the debate, saying they ‘will investigate’ any wrongdoing if it receives any ‘substantiated material’ as evidence.
“The Premier League has a range of financial rules and disclosure obligations that apply to all clubs, and result in ongoing monitoring of club finances,” An official statement says.
“If we receive any substantiated material that suggests our rules may have been breached, or relevant information has not been disclosed, we will investigate and have a track record of doing so.
“These processes are confidential and we do not comment publicly unless there is anything substantial to say.”