The intricate web Man City spun to con the Premier League
"To cheat, trick, deceive, delude with false pretences; to impose upon, take in, hoax." That is the Oxford English definition of the word "sham". And that word appears eight times in the independen…
"To cheat, trick, deceive, delude with false pretences; to impose upon, take in, hoax."
And that word appears eight times in the independent commission's ruling published on Tuesday , which found Manchester City guilty of all charges related to serious breaches of financial rules, and all but one in relation to a failure to co-operate with the investigation.
It catalogues how the club's owners, Abu Dhabi United Group, knew from the 2009-10 season that there would be major overspends if the club was to reach the level they wanted to get to.
So, the ruling says, City found a way to boost sponsorship income. Season, after season, after season.
The report shows how the club's owners were topping up the value of the deals.
The so-called Disguised Funding Scheme is the central plank in a series of charges that Manchester City have been found guilty of by the Premier League.
This scheme managed to hide more than £830m of sponsorship funding, while other devices hid £90m in expenses.
Manchester City were bought by Abu Dhabi investors in 2008 but, the document says, their predicament had become clear from the start of the 2009-10 season.
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