Etihad Airways, the sponsors of Manchester City, are reportedly considering going public on the stock exchange, which could have a significant impact on the team as they navigate 115 Financial Fair Play charges. ADQ, the investment company based in Abu Dhabi that owns Etihad Airways, is said to be in talks with banks about potentially going public as early as this year. The accusations against City primarily center on their agreement with Etihad for sponsorship. According to a report by Der Spiegel, leaked emails indicate that the airline was allegedly only paying £20113m of the £67.5m they were obligated to City for the 2012-13, 2013-14, and 2015-16 seasons, with the remainder of the funds coming from the Abu Dhabi United Group. According to a source within the industry, this action would violate financial regulations put in place by the Premier League and UEFA. It may also indicate a dishonest collaboration between City’s leadership and Etihad executives. To learn more, click here: Explanation of City’s delay in complying with Financial Fair Play rules. Former chairman of the city gives his opinion while the club waits for the hearing. The city vehemently denies the allegations and is eager for the issue to be resolved permanently. The club expressed surprise at the alleged breaches of Premier League Rules in a statement released in February 2023, highlighting their extensive cooperation and provision of detailed materials to the EPL. Manchester City FC welcomes an independent commission’s review of the matter to impartially assess the strong evidence supporting their position. Therefore, we are eager for this issue to be resolved conclusively. Recent updates from the Middle Eastern region indicate that Etihad is preparing for its first public stock offering (IPO).
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