Another Manchester City sponsor under suspicion

The commercial agreements of Manchester City are once again in question. Last January, as reported by numerous media from England, the group Citizen was forced to cancel an agreement with the company 3Key, “after allegations surfaced about the legitimacy of the cryptocurrency firm’s operations.” This time it is Wega, a company with which the Mancunian team signed in 2015 and whose agreement was extended four years later. Now, an investigation of the environment Off The Pitch It states that said company, “apparently without staff, without active products and whose operating company is registered in London”, has participated in marketing activities with Manchester City in the past, but “currently does not offer any products”.. And it is that the commercial agreements of the Skyblue team have long been under suspicion, since Manchester City itself was “fined 10M euros by UEFA in 2020 for not cooperating with its Financial Control Body”, as stated Off The Pitch.

In this investigation, andThis outlet reports that Manchester City have declined to answer questions about “the seven-year association with Wega and the benefits it brought to the club.”, “its relationship with Truxtun Capital (“company to which Wega belongs and which claimed in a 2019 press release that it is a “global partner of Manchester City”, although City does not refer to the parent company in its list of sponsors) or “wega template questions”. In relation to the official sponsor of the leader of the Premier League, owned by Sheikh Sheikh Mansour’s City Football Group, this company would also have been active in Qatar. Although the president of Wega, according to statements collected by Off The Pitch, stated that this is “a Fintech company that offers an innovative digital financial platform”, the truth is that “wega staff searches do not return results through LinkedIn or any other website”.

Although Manchester City has been one of the clubs that UEFA has studied the most with a magnifying glass, and even fined, for not respecting the Financial Fair Play, the accounts of the Mancunian team continue to generate doubts among European football organizations. Yes OK Manchester City’s financial results revealed that they “had overtaken Manchester United to become the highest earning club in English football (earned 271 million pounds of commercial income during the 2020/21 season, an increase of 25 million pounds)”, the information collected by this medium leads him to affirm that “the club’s income off the pitch has been during long a source of controversy”. To the investigations in 2019 of the Premier League and the German newspaper The mirror on the masking of a direct investment by Sheikh Mansour as sponsorship income and the already mentioned suspended agreement with the company 3Key, the current champion of the Premier League faces another chapter of doubts with its official sponsors involved.