Mail Online

Email that puts City under spotlight

Pearce is a key strategic figure at City and their related football companies and a special advisor to the most senior figures in the UAE government.

Pearce outlines that Etihad owed Man City £31.5m in yearon-year sponsorship uplift for 201213; plus £67.5m for 2013-14, broken down into £35m for City’s shirt, £17.5m for training kit and campus naming rights and £15m for stadium naming rights, each for a single season. To put this in context, the next highest shirt deal for a club in England was Arsenal’s £30m-a-year, while Man United’s with Aon was worth £20m. City’s £35m for the shirt alone in 2013-14 would have been the biggest shirt deal in the world that year.

From: Simon Pearce (EAA) Sent: Monday, December 16, 2013 05:27 PM To: Peter Baumgartner Subject: RE: payments

Peter, Thank you so much for making the transfer. Your and my conversations threw up an anomaly on our side. As I am sure you knew, embarrassingly it would seem that rather than overpaying you I have underpaid you! In terms of receivables, Etihad owed MCFC: 1. 31.5m is due from season 12/13 uplift – (£30m base fee uplift for 12/13 [from £35m to £65m] and 2 instalments for UCL qualification of £750k each from 11/12 and 12/13) 2. £67.5m, according to Art. 4.1 of the Sponsorship Agreement FOR 2013/14: * Shirts Rights £35m * Training Kit & Campus Naming Rights £17,5m (there is a £2,5m fee uplift from previous season, according to contract) * Stadium Naming Rights £15m So we should be receiving a total of £99m – of which you will provide £8m. I therefore should have forwarded £91m and instead have sent you only £88.5m. I effectively owe you £2.5m. There are two options: 1. To invoice you only for the £65m and then to invoice you for the additional £2.5m next year (14/15) 2. To invoice you for the full £67.5m. You pay the £65m now and I will forward the £2.5m in a couple of months – at which point you can forward it on. Let me know if you agree with all of the above and which option you prefer. Sincere apologies to you and your colleague for forwarding on poor and inaccurate information in the first instance. Thank you always for your patience.

Email from the Football Leaks archive at Der Spiegel, and seen by The Mail on Sunday.

Baumgartner was chief operating officer at Etihad Airways at the time

This appears to show that ‘we’ (Manchester City) should receive £99m, of which ‘you’ (Etihad) would provide £8m. Pearce goes on to say he should have forwarded the difference of £91m, but had sent only £88.5m. Pearce is emailing from an account linked to his job as advisor to the UAE Government. This email isn’t discussing proposed events but something that has happened — payment to Etihad from a non-Etihad body. At a CAS hearing in 2020, Pearce was asked if he had ever arranged any payments to be made to Etihad in relation to its sponsorship obligations of Manchester City Football Club. He answered: ‘Absolutely, categorically not.’

City In The Dock

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