Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Abu Owners: Player Transfers and Club Executives

abu owners: Internal documents about Man City's business and emails between club executives have been published in the Football Leaks series led by Der Spiegel magazine, according to Vancouver Courier. The revelations suggest Man City officials deceived UEFA over several years, including by disguising the source of revenue from overvalued sponsorships tied to the club's owners in Abu Dhabi.UEFA acted after the latest release last Friday included complete emails detailing how Abu Dhabi's owners secretly paid into inflated commercial deals. Europe's soccer body can ban clubs from its Champions League in the most serious cases of breaking Financial Fair Play rules designed to control excessive spending on player transfers and wages.article continues below Trending Stories Meet one of UBC's engineering women making inroads in male-dominated field Vision Vancouver will not run a mayoral candidate for first time in party's history Vancouver gang task force delivers major blow to organized crime Police warn Bitcoin ATMs easier, more profitable' for laundering money than casinosUEFA said Thursday its independent club finance panel is focusing on several alleged violations of FFP that were recently made public in various media outlets. The accusation of financial irregularities are entirely false, Man City said in a statement adding it welcomes the opening of the formal probe. The club has not disputed authenticity of the documents since publication began in November. It's an opportunity to bring to an end the speculation resulting from the illegal hacking and out of context publication of City emails, the English champion said. ( As reported in the news.