
Manchester City Accused of Using Shadow Firms to Flout Rules
Football Leaks documents outline how Manchester City's owners may have used a surreptitious company in the Cayman Islands to conceal a player investment fund. The team has been accused of violating UEFA spending rules.
Again, Manchester City didn't answer questions posed by the journalist network European Investigative Collaborations (EIC) but referred back to their boilerplate statement. Ingla, the Mangrove manager, said he wouldn't answer questions because they dealt with confidential contractual subject matter. Meanwhile, Ingla is now the managing director of the French first-division team OSC Lille.
The Premier League ultimately approved Zuculini's transfer. Manchester City loaned out the player to six clubs in three years, though he is now back playing in Argentina.
So far, the football associations have not used the material provided by Football Leaks for their own investigation. As long as that remains the case, Manchester City doesn't have much to fear. The holding company City Football Group announced last week that it had bought shares in a Chinese football club. It's the seventh club that now belongs to the international City brand.
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