“Manchester City are making millions of pounds from image rights deals, three years after saying they were forfeiting that income to secure a lump sum to help comply with Uefau2019s Financial Fair Play rules, The Independent understands.
The club sold its playersu2019 image rights to a third party for u00a324.5m lump sum, which on paper helped it record 2012/13 financial results that fell within the limit of acceptable losses under FFP rules.
The club has never been willing to disclose the name of that company, though The Independent has established that it is Fordham Sports Image Rights Ltd, whose Companies House listing reveals to have a close attachment to City. The clubu2019s senior legal officer Simon Cliff and non-executive director John Macbeath are both listed as directors.
Uefa took a dim view of the way City claimed the u00a324.5m as income and claimed another u00a322m by selling their branding, football and other expertise to their own women’s and New York City FC teams.
The u00a346.5m the club earned from the two arrangements allowed them to produce financial results which they thought would see them comply with FFP. But Uefa effectively accused City of artificially inflating their own income, insisted that they could not only record the sale of image rights once, and found them in breach of FFP.
City fans have booed the Champions League anthem in recent seasons ( Getty )
City were furious when Uefa deemed them in breach u2013 a judgement which in part has contributed to fansu2019 refusal to acknowledge the Champions League anthem, to this day. The club insisted that the sale of image rights to the anonymous company – now known to be Fordham u2013 was a genuine transaction undertaken for good corporate reasons.
But Fordham now seems to have no active purpose. The individual who set up and ran the company u2013 former Manchester City Partnership Sales Manager Francisco Lampreia u2013is not listed as a director on the Companies House record.
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