From Bloomberg Markets and Finance.
English football club Manchester City, which is owned by a royal from the United Arab Emirates, is facing 115 charges from the Premier League. Allegations include providing false financial information and receiving inflated sponsorship revenue from firms linked to the club’s owners. The case sparked concerns in the UK government about its potential impact on Abu Dhabi’s broader investment in Britain, amid already strained relations between the UK and the UAE. Bloomberg’s Abeer Abu Omar breaks down the situation.
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