Reposted by Markgpope
I wonder why we need financial regulation? Probably Arteta's fault... or the Red Cartel... 🙄
Majority of clubs on edge of 'financial disaster' - regulator - www.bbc.co.uk/sport/footba...
bbc.co.uk
Independent regulator report says English football finances are 'dangerously exposed'
English football's finances are "dangerously exposed, with the majority of clubs living on the edge of financial disaster", a new report says.
![Referring to the Etihad sponsorship, the US airlines' document said: "While Etihad asserts that it funded the $640m [total] cost of the sponsorship of Manchester City 'from its own liquidity,' it provides no such evidence and fails to address the contrary evidence that the US airlines submitted on this point: an internal study that [the consultants] prepared for the Crown Prince of Abu Dhabi, which states that the Executive Council of Abu Dhabi - not Etihad - covers the cost. As an internal document that was not intended for public release, [the consultants'] study is particularly probative of the funding's true source."](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:lonqvzvc6ub6btm77wfdvrwa/bafkreidr3lwd3cblx5hl364xqoxafxjbcol4lrletpd7yeb7baesuuysvu)
