The complex structure of Manchester City’s parent company in Abu Dhabi, the City Football Group (CFG),. In the context of financial fair play (FFP) rules, Uefa is interested in how losses are divided up between the parent company and its subsidiaries.
The complex structure of Manchester City’s parent company in Abu Dhabi, the City Football Group (CFG),. In the context of financial fair play (FFP) rules, Uefa is interested in how losses are divided up between the parent company and its subsidiaries.
Uefa’s probe into the finances of CFG could lead to further FFP-related sanctions if evidence can be found to prove that the formation of subsidiary companies allowed the club to under-report losses in their 2013-14 accounts.
Two subsidiary companies – City Football Marketing Ltd and City Football Services Ltd – incurred costs, including wages, of £36.7million in the year to the end of May 2014, posting combined losses of £25.9million in that period.