<\/p>\n
\n The United Arab Emirates has warned the Government it could cancel major investments in the UK over the guilty ruling, according to reports.\n<\/p>\n
\n Emirati officials said \u201cthe Premier League\u2019s actions\u201d would \u201chave an influence on the bilateral state relationship\u201d, Bloomberg reported.\n<\/p>\n
\n The Telegraph said the UAE is threatening to scrap billions of pounds of private investment for a hi-tech Silicon Valley-style hub between Oxford and Cambridge.\n<\/p>\n
\n READ MORE: Rare chance to buy UK private school in ‘exciting opportunity’\n<\/p>\n
\n The newspaper also reported that Man City chairman Khaldoon Al Mubarak met Jonathan Reynolds, the business secretary, in Downing Street two weeks before the Premier League announced its decision.\n<\/p>\n
\n On Thursday, Downing Street insisted the guilty verdict against City is \u201cserious\u201d, after Andy Burnham was accused of making a \u201cfrankly extraordinary\u201d intervention in support of the football club\u2019s owners.\n<\/p>\n
\n A No 10 spokesman issued the statement after the prime minister said he would be \u201creally concerned\u201d to see the current owners sell up.\n<\/p>\n
\n Premier League chief executive Richard Master (Ben Whitley\/PA) (Image: pa)\n<\/p>\n
\n Conservative shadow sport minister Louie French had accused Mr Burnham of \u201cpublicly backing the owners\u201d amid a probe into the club\u2019s funding over recent years, describing his comments as \u201cfrankly extraordinary\u201d.\n<\/p>\n
\n Asked by the BBC earlier this week if he was worried about the current owners selling the club, Mr Burnham said: \u201cI would be really concerned to lose them.\n<\/p>\n
\n \u201cThey\u2019ve been such a huge partner in the building of modern Manchester.\n<\/p>\n
\n \u201cObviously, the building of Manchester City into the global force that it is.\u201d\n<\/p>\n
\n Asked also if his dealings with the club would stand up to scrutiny, he said: \u201cI do actually thank the City Football Group and the wider ownership for the money that they didn\u2019t just put into the Etihad and the campus around it but also into the city \u2013 but yes, of course.\u201d\n<\/p>\n
\n City were found guilty of charges related to breaches of financial rules between 2009-10 and 2017-18.\n<\/p>\n
\n The Premier League said an independent commission found City arranged \u201csham\u201d commercial deals with a number of its sponsors during the period, which were part of a disguised funding scheme, whereby those companies were required to pay only a portion of the relevant sponsorship fees.\n<\/p>\n
\n The commission found that the remainder was funded by Abu Dhabi United Group Investment & Development Ltd (ADUG), which owned the club.\n<\/p>\n
\n The Oxford to Cambridge corridor is projected to add up to \u00a378 billion to the UK economy by 2035, securing high-value, well-paid jobs in life sciences, quantum computing and AI for Oxford graduates.\n<\/p>\n
\n The corridor initiative has catalysed the reopening of the Cowley Branch railway line after 60 years of being closed to passenger traffic.\n<\/p>\n
\n New stations at Littlemore and Cowley will directly connect southeast Oxford to the city centre and the wider rail network.\n<\/p>\n
#Oxford #investment #risk #Manchester #City #ruling<\/p>\n","protected":false},"excerpt":{"rendered":"
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