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Sunday, 10 July 2011

* YOU BEEN SNAP * SPORT NEWS !!Top clubs want Manchester City's £400m sponsorship deal vetoed "

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Europe's leading clubs will petition UEFA to block Manchester City's new £400million endorsement deal.

They want City's ground and shirt sponsorship contract with Etihad Airlines outlawed because they believe it has been artificially inflated in an attempt to balance the books.


Welcome to the Ethihad stadium! City's new deal is worth £400m

Welcome to the Ethihad stadium! City's new deal is worth £400m'

UEFA's new Financial Fair Play rules insist clubs live within their means and City, who have incurred losses of £213.5m over the last two years, had little hope of complying before the huge deal.

The governing body also demand that clubs demonstrate they have received market value for any deal, to prevent owners from subsidising clubs through companies that are closely associated with them. UEFA's Independent Club Financial Control Panel will investigate the Etihad deal but rivals want to pressure them into action. If UEFA do outlaw the deal, boss Roberto Mancini could see his spending plans curtailed.


Sitting on a fortune: Jo, Wayne Bridge and Craig Bellamy

Sitting on a fortune: Jo, Wayne Bridge and Craig Bellamy have been left behind as City go on America tour'

Opposition clubs have been emboldened by the fact the contract is a world record, outstripping even the remarkable £18m-a-year stadium naming rights deal the New Yorks Mets, a much-more established sports brand, have with Citibank.

The fact that Etihad was set up by the Emir of Abu Dhabi, Sheik Khalifa, who is the brother of City's owner, Sheik Mansour, has also fuelled their suspicions.

Etihad is the national airline carrier of Abu Dhabi and itself has never made a profit since it was formed in 2003, though it is expected to make money this year.

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