The panel referred to Manchester City suddenly owing £20m at the end of the 2012-13 season, which corresponds, according to those familiar with the case, to a payout owed to then-manager Roberto Mancini and his staff, who had been sacked at the end of the season following the FA Cup final defeat by Wigan Athletic.
Had the money been paid immediately, City would have been “£9.9m ‘short’ of complying with UEFA FFP for that season”, the panel said.
The tribunal reported that “in a matter of days, a number of modified sponsor agreements were generated… to increase recorded fees, pay bonuses for events that had already taken place, and to pay for a U.S. tour”, thereby plugging the shortfall. City also asked sponsors to pay out bonuses for the FA Cup final as if they had won the match — rather than being defeated by the minnows thanks to Ben Watson’s injury-time header — according to people with knowledge of proceedings.
The Premier League also raised the example of Sergio Aguero’s late, final-day winner against Queens Park Rangers in 2012, which secured City’s first Premier League title. That goal unlocked a number of bonuses within the squad which, if it had not been for the club’s operation of their disguised funding scheme, would have seen City exceed PSR for that season.
📝
@jwhitey98
nyti.ms/4z5sgoL