Published: Wed, November 07, 2018
Sport | By

Pep Guardiola trusts City conduct amid Financial Fair Play claims

Pep Guardiola trusts City conduct amid Financial Fair Play claims

The conduct of the Premier League champions has come under scrutiny after claims by Der Spiegel that City have tried to cheat financial fair play rules.

The attempt to damage the club's reputation is organised and clear'.

Paris St-Germain have been contacted for a response.

Manchester United have watched in horror as their neighbours became a football powerhouse in the last decade, with money flowing into the club.

"When I was in Barcelona and after in Germany, I always I hear from the boys "Manchester City has a lot of money - just money".

Pep Guardiola backed Manchester City over allegations of financial skulduggery and claimed that his team do not only win because of heavy financial investment.

Guardiola distanced himself from allegations of any wrongdoing on City's part, insisting he doesn't get involved in the business side of the club's dealings.

On the day the team at German publication Der Spiegel released more details of alleged malpractice by the powers that be at City, Guardiola responded for the first time. In City's case, however, Fordham Sports Management is alleged to have done so - with City's Abu Dhabi owner reimbursing Fordham directly to the tune of £11m a year.

City achieved this spending more than 1 billion pounds ($1.3 billion) to win a first Premier League title in 2012.

French Uefa president Michel Platini was the man behind FFP.

"We will need to fight this", Soriano wrote, according to the magazine, "and do it in a way that is not visible, or we will be pointed out as the global enemies of football".

Der Spiegel claims one of City's solutions to circumvent the rules was to launch Project Longbow.

Uefa found City had breached FFP rules in 2014 and the two parties reached a settlement, with City paying a £49m fine - £32m of which was suspended - while their Champions League squad was reduced for 2014-15.

It says that Uefa was unaware of the arrangement with the external company and it was only raised when auditors from PricewaterhouseCoopers took a closer look on behalf of the European football governing body.

Der Spiegel said this helped turn nearly 30 million euros ($34 million) into revenue instead of a cost, for the objective of UEFA's investigation of club accounts. But the magazine said the analyst "was having trouble" figuring out "how the [external company] expected to make a return". It costs money. When you invest more the time reduces.

City thrashed Southampton 6-1 at the weekend to pile more pressure onto Saints manager Mark Hughes but, despite the scoreline, Guardiola was not completely happy with his side's defending.

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