The Presidential Daily Brief

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    UEFA Opens Investigation Into Manchester City

    Soccer’s European governing body announced its inquiry after the English team was accused of violating Financial Fair Play rules. A bombshell report in Der Spiegel claimed the club’s Emirati owner, Sheikh Mansour bin Zayed Al Nahyan, transferred money to Manchester City under the guise of a sponsorship. According to leaked documents, only around $11 million of an $88 million sponsorship deal came from Etihad Airways, with the rest given by the owner.

    What are the possible consequences? If found guilty, the team faces a ban from Europe’s top tournament, the Champions League — the only trophy it has yet to win.

    Don’t miss OZY’s story about why South Korea’s soccer squad stands so tall.

This story is part of The Presidential Daily Brief

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