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Thursday, July 14, 2011

Manchester City hit back at Arsenal in war of words over sponsorship deal - MANU TV

Arsenal manager Arsene Wenger
Concern: Wenger suspects City's Arab owners have indirectly bankrolled new stadium deal (APP)

The Blues have recently agreed a deal with Etihad Airways to sponsor the club's shirts and stadium for the next 10 years for a reported £400million, which dwarfs Arsenal’s agreement struck with Emirates in 2004.
The Gunners have a £90m deal over 15 years, and Wenger has raised an eyebrow over the nature of the gigantic new deal struck by his Abu Dhabi-owned Premier League rivals.
‘[Their deal] raises the real question about the credibility of the financial fair play,’ said Wenger.

‘They give us the message that they can get around it by doing what they want.
'The difficulty and the credibility of the financial fair play is at stake.

‘If financial fair play is to have a chance, the sponsorship has to be at the market price. It cannot be doubled, tripled or quadrupled. If they bring the rules in they have to be respected.’
City though, claim the reported £400m fee has been exaggerated, and that their deal with the Far East airline has not been inflated in order to get around Fifa FFP rules - describing Wenger's comments as ‘unfounded and regrettable’.
‘The financial details of the comprehensive agreement announced last week between Manchester City and Etihad Airways remain confidential and figures being speculated about are not accurate,’ said a City spokesman.

‘Manchester City is a pro-active member of the European Clubs Association and is working actively and with transparency with regard to financial fair play.

‘In light of these facts, recent comments about the partnership by some observers are unfounded and regrettable.’
Of all the Premier League teams aiming to bring their finances within Uefa's new rules, City arguably face the toughest task with a substantial wage bill driven by some of the country's top-paid stars - including captain Carlos Tevez and midfielders Yaya Toure and David Silva.

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