From the Guardian · · 50s
Etihad Airways Threatens Legal Action Over Premier League Verdict
Etihad Airways plans legal challenge after Premier League accuses Manchester City of £900m revenue fraud.
In brief
Etihad Airways plans legal challenge after Premier League accuses Manchester City of £900m revenue fraud. Etihad Airways will sue Premier League over its ruling that Manchester City inflated revenues by £900m through fake sponsorships. Originally reported by the Guardian.
Premier League Verdict
Premier League accused Manchester City of £900m revenue fraud through fake sponsorships.
“The independent commission found City guilty of artificially inflating their revenues by £900m through "sham" sponsorship contracts”
Etihad Airways Response
Etihad Airways rejects the commission's guilty verdict and claims no involvement in improper commercial arrangements.
“Etihad Airways has reviewed the Premier League commission’s published opinion relating to the disciplinary proceedings involving Manchester City”
Sponsorship History
Etihad has sponsored Manchester City since 2009 with a £400m naming rights deal for the Etihad Stadium.
“In 2011 City announced a 10-year naming rights deal worth £400m for the Etihad Stadium”
Consultation Claim
Etihad claims Premier League failed to consult the airline during the investigation process.
“At no time did the Premier League reach out to or engage with Etihad in the process associated with the commission’s opinion”
Legal Action Plan
Etihad will seek legal counsel to protect its interests following the Premier League's public communication of findings.
“Etihad will seek the relevant legal counsel on the options and recourse available to protect its interests”
The bottom line
Etihad Airways will sue Premier League over its ruling that Manchester City inflated revenues by £900m through fake sponsorships.
