Some interesting context in the Manchester City verdict is an allusion to 2009/10.
The panel say City had "real concern" their total losses for that year would eclipse a record set by Chelsea in 2006 of ยฃ140m. "The Club was adamant it should not break [it]."
This led to concerns "large losses" were also on the horizon for the next five years, and fears the club would not be FFP compliant.
The panel say it was against this backdrop that the "disguised funding scheme" was born. "The Club devised a plan to disguise shareholder funding as โcommercial partner revenue.โ"
๐ MANCHESTER UNITEDโS OCTOBER FIXTURES.
Tottenham (H)
Atlรฉtico Madrid (A)
Leeds (A)
Como (A)
Bournemouth (H)
Chelsea (A)
Six matches. 4 wins + 2 draws = 14 points ๐
Pick ONE game you absolutely cannot wait for.
๐ MANCHESTER UNITEDโS OCTOBER FIXTURES.
Tottenham (H)
Atlรฉtico Madrid (A)
Leeds (A)
Como (A)
Bournemouth (H)
Chelsea (A)
Six matches. 4 wins + 2 draws = 14 points ๐
Pick ONE game you absolutely cannot wait for.