The findings that led to Uefa’s club financial control body (CFCB) deciding that Manchester City were guilty of a “serious breach” of financial fair play regulations and imposing a two year Champions League ban have finally been revealed in the judgment of the court of arbitration for sport, which overturned the CFCB’s decisions.
The CFCB found after its investigations and hearings that the Abu Dhabi United Group (ADUG), the company through which Sheikh Mansour of the Abu Dhabi ruling family owns City, had funded payments in 2012 and 2013, understood to be £15m each year, that were reported to the Football Association and to Uefa as independent sponsorships from the telecoms company Etisalat.
Verdict that kept Manchester City in …