Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Friday, March 22, 2019 12:44:19 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

UEFA, PSG, Man City targeted in Football Leaks revelations

By
04th-Nov-2018       
Comments
Share your thought
Post a comment »
Read all () »

AFP, Paris :
UEFA helped Paris Saint-Germain and Manchester City get around their own Financial Fair Play (FFP) rules, according to a Football Leaks investigation published on Friday.
According to the investigation of "more than 70 million documents" analysed "over eight months by 80 journalists" from members of European Investigative Collaborations (EIC), UEFA "knowingly helped the clubs to cover up their own irregularities for 'political reasons'" under the leadership of Michel Platini and Gianni Infantino.
Both clubs, owned and bankrolled by wealth from Qatar and Abu Dhabi respectively, have avoided the most severe FFP punishment of being excluded from the UEFA Champions League.
Football Leaks claims that between them Qatar and Abu Dhabi have injected some 4.5 billion euros ($5.1 billion) over the last seven years to increase the budgets of the clubs they own.
Of that figure, 2.7 billion euros has been invested in City via their Abu-Dhabi owners and from allegedly "overestimated" sponsorship deals.
Football Leaks also points the finger at PSG's five-year agreement with the Qatar Tourism Authority (QTA), valued at 1.075 billion euros, or 215 million euros a year.
That is despite the investigation claiming that "two independent auditors assigned by UEFA valued the contract at… 123,000 euros per year for one, and 2.8 million euros a year for the other".
UEFA rules say clubs cannot spend more than they earn in any given season and deficits must fall within a 30 million-euro limit over three seasons.
Both PSG and City were fined 60 million euros by UEFA in May 2014, but both were told they would get 40 million euros back if they stuck to the terms of their settlement.
French investigative website Mediapart claims Infantino - the current FIFA president who was then UEFA's general secretary - "directly negotiated an agreement with Manchester City", bypassing the Financial Control Panel of European football's governing body. His proposal was for a "fine of 20 million euros instead of 60."
Reputedly included in copy in emails sent by Infantino to City's chairman Khaldoon Al Mubarak was former French president and PSG fan Nicolas Sarkozy, who also reputedly helped City's Abu Dhabi owners in their attempts to get around FFP rules.
Sarkozy's press officer responded to Mediapart by saying that "as a lawyer, Nicolas Sarkozy provided no counsel to the people you mention".
Asked for a reaction by Mediapart, City said "the attempt to damage the reputation of the club is organised and clear."
Late Friday, FIFA blasted the claims as an attempt to "undermine the leadership" of the global body.
"It seems obvious from the 'reporting' carried out in some media outlets that there is only one particular aim - an attempt to undermine the new leadership of FIFA and, in particular, the President, Gianni Infantino, and the Secretary General, Fatma Samoura."
Infantino added in a statement: "It is always a challenge to change things, to move forward, and to bring people together in order to do things better.
"And, as we are resolutely implementing the reforms at FIFA, it was always clear to me that I would face strong opposition, especially from those who cannot anymore shamelessly profit from the system they were part of."
PSG said in a statement that they have "always strictly complied with all applicable laws and regulations and firmly denies the allegations published today by Mediapart".
The club's delegate director general Jean-Claude Blanc later told AFP that "there was no secret agreement with UEFA, everything was done with the most complete transparency."
PSG have been the subject of another UEFA investigation since they signed Neymar from Barcelona for a world-record 222 million euros ($264 million) in August 2017.
In late September UEFA said it had referred the accusations against the Paris club to its financial unit "for further investigation". PSG's case, though, is complicated by their sponsorship deals with the Qatar National Bank as well as the QTA.
UEFA indicated that the aim of FFP rules was "to help clubs become viable financially…and to punish them only as a last resort."

Tariff
Add Rate

News Archive

Inside The New Nation

Sports »

Russia's Natalia Zabiiko and Alexander Enbert perform their pairs free skate during the ISU World Figure Skating Championships at Saitama Super Arena in Saitama, north of Tokyo on Thursday.


Football »

Trinidad and Tobago's Aubrey David (left) and Wales' Ryan Hedges battle for the ball during the International Friendly soccer match between Wales and Trinidad and Tobago, at the Racecourse Ground, in Wrexham, Wales on Wednesday.


Entertainment »

Deepika Padukone checks all ticks in list over a week


Bollywood’s leading lady Deepika Padukone has had an eventful last week as the actress unveiled her prestigious Statue of Purpose at Madame Tussauds and graced the Vogue International cover as the Global Talent. Both the events are key and one of the major highlights in the life of the actress. ...

City »

Holi festival celebrated with enthusiasm, fanfare


Thousands of devotees on Thursday celebrated the Holi, a Hindu religious festival of colours, across the country with due religious fervour and much enthusiasm."Marking the festival, a large number of devotees thronged the Dhakeswari National Temple in the morning to offer abir, a pink colored powder, at the foot of ...

Editorial »

Europe`s worst genocide and Karadzic`s life imprisonment


IT'S another symbol of justice against a 'genocide' that had committed about 25 years ago by a powerful European ruler; Radovan Karadzic. The 73-year former Bosnian Serb leader has been awarded life imprisonment for his crimes in the war that broke-up his country in 1990. UN judges in The Hague ...

Business & Economy »

Vivo launches V15 with 32 MP Pop-Up Selfie camera


Business Desk :Vivo, the innovative global smart phone brand, launched the long-awaited smart phone V15 after it's pro version V15 Pro was unveiled in Bangladesh last month. The Vivo V15 packs a 32 megapixel pop up selfie camera, a powerful triple rear camera set-up, stunning Ultra Full-View display 6.53 inch ...

International »

NZ bans sale of assault gun, semi-auto rifles


 AFP, Wellington :New Zealand Prime Minister Jacinda Ardern announced an immediate ban on the sale of assault rifles and semi-automatics Thursday in a muscular response to the Christchurch terror attack that killed 50 people."Today I am announcing that New Zealand will ban all military-style semi-automatic weapons. We will also ban ...

International »

EU chief says Brexit delay possible if MPs approve deal


The EU could approve Britain's request for a short delay to Brexit but only if UK MPs next week vote through the withdrawal deal they have twice rejected, European Council president Donald Tusk said Wednesday.With nine days to go before Britain is due to leave the bloc, the country is ...

Business & Economy »

Bolsonaro to visit Trump to firm up conservative alliance


AFP, Brasilia :Brazil's far right President Jair Bolsonaro will meet US counterpart Donald Trump next week to strengthen ties in the nascent regional conservative alliance aiming to ramp up the pressure on Venezuela's Nicolas Maduro.After decades of fractious relations between Brasilia and Washington, things have improved with the assumption to ...

Entertainment »

Romeo Akbar Walter celebrates unnoticed people: Mouni Roy


Actress Mouni Roy, who will be seen in the forthcoming film Romeo Akbar Walter, says the espionage thriller celebrates the unnoticed people who have sacrificed their lives for the love of their country. Romeo Akbar Walter is set against the backdrop of the India-Pakistan War of 1971. In the film, ...

Entertainment »

Biased towards TV but enjoy digital: Sakshi Tanwar


Actress Sakshi Tanwar, who has featured in a web series titled The Final Call, says she is biased towards television but has started enjoying working in the digital platform as it gives an opportunity to actors to experiment in a lesser period of time.  “I feel every medium is different. ...

National »

Mosquito menace paralyses Khulna city life


Khulna (South) Correspondent :Mosquito menace has paralysed Khulna city dwellers' lives. KCC is allegedly refrain from spraying medicine to eradicate the mosquitoes . All section of the city dwellers are victimized with mosquito bite. Particularly HSC  examinees are suffering a lot. They can not study well for mosquito menace.Some Khulna ...

Editorial »

BD-Australia to fight together global scourge of terrorism and extremism


Visiting Australian Ambassador for Counter-Terrorism Paul Foley has said his country will continue to support Bangladesh and its people to address the threats of terrorism and violent extremism. He has also emphasised that terrorism and violent extremism are challenges shared by all countries. Mr. Foley who leads Australia's international engagement ...

International »

Trump reaffirms US considering 'all options' to bring down Venezuela's President Maduro


US President Donald Trump on Tuesday reaffirmed that "all options" are being considered in his drive to bring down Venezuela's socialist President Nicolas Maduro."All options are on the table," he told reporters in the White House. "It's a shame what's happening in Venezuela - the debt and the destruction and ...

International »

"Democracy in UK all but dead": Trump Jr slams PM May over Brexit


US President Donald Trump's eldest son rebuked UK Prime Minister Theresa May over her faltering Brexit tactics Tuesday, claiming she had unnecessarily prolonged Britain's EU withdrawal by ignoring his father's advice.In a biting op-ed in the eurosceptic Daily Telegraph newspaper, Donald Trump Jr. criticised the British premier's latest plan to ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news