Kieran Maguire: Man City handed £68m-plus FFP boost after ‘special’ US development
New York City’s MLS triumph is good news for Man City and the value of their biggest commercial deal.
So says finance guru Kieran Maguire, speaking exclusively to Football Insider about the impact of City’s sister club’s first title on City Football Group.
New York City beat Portland Timbers on penalties with the scores level at 1-1 after 120 minutes in the MLS playoff final last Saturday (11 December).
Per Man City’s media team on Monday (13 December) Pep Guardiola, said he was “really impressed” with the “special” achievement across the pond.
New York City were founded in 2013 and are one of 10 clubs owned by City Football Group around the world.
Man City’s sponsorship deal with Etihad is, according to the Daily Mail, worth £67.5million per year and is spread across City Football Group.
Maguire argues that New York City’s success is good news for the value of that deal and in turn Man City’s financial fair play situation.
He told Football Insider‘s Adam Williams: “This increases the overall value of the Etihad deal which is spread across the City Football Group.
“That is going to help CFG, New York City and Man City. It suggests that the multi-club ownership model is working and makes it attractive for investors.
“CFG have sold off two minority stakes to Silver Lake and the Chinese investors as well. It will help them in that regard in the future.“
The Premier League has just signed off on new rules regarding related party sponsorship.
The new regulations are aimed at Man City and Newcastle, who face each other at St. James’ this afternoon (19 December).
In other news, pundit shares verdict on West Ham signing Man City star Nathan Ake after latest update.