Man City 'reach financial agreement' amid Man Utd transfer leak concerns. - sportupdate
Connect with us

Manchester City

Man City ‘reach financial agreement’ amid Man Utd transfer leak concerns.



Manchester City “reach a financial agreement” amidst concerns about a Manchester United transfer disclosure.Manchester United and Manchester City have reached an agreement in light of concerns regarding the potential disclosure of confidential transfer information.

The football world was jolted last week by the revelation that Manchester United had poached Omar Berrada from rivals City to become their new chief executive officer (CEO).


Berrada tendered his resignation from the role of chief football operations officer at City Football Group (CFG), the global organization responsible for managing numerous clubs, including the reigning Premier League champions.


Prior to joining City in 2011 from Barcelona, the Spaniard held a variety of positions pertaining to business and commercial partnerships at the club.United’s selection of Berrada is contentious on the grounds that he may be implicated in the event that City are convicted of violating Premier League financial regulations.


The 115 accusations against Pep Guardiola’s squad are alleged violations of profit and sustainability regulations. They are accused of inflating the value of sponsorship deals, an action that Berrada would have overseen if proved to be accurate.


Numerous supporters speculate that United’s readiness to employ Berrada indicates their conviction that City will not receive a guilty verdict.United and City have reached an agreement to safeguard their respective interests and prevent Berrada from revealing confidential information about their competitors to his new employers, regardless of the future.



Although Berrada has formally submitted his resignation, the City has placed him on gardening leave through the summer. That means he will be compensated by CFG to take a leave of absence instead of promptly joining United.


Berrada’s anticipated delay in assuming his new position until near the beginning of the following campaign prevents him from divulging pertinent information concerning transfers, finances, and commercial agreements that United could exploit against City this year.Berrada will succeed Richard Arnold as United’s CEO on a permanent basis. Arnold resigned in order for INEOS, led by Sir Jim Ratcliffe, to acquire a 25% stake in the club for £1.3 billion. Patrick Stewart will continue to serve as interim CEO until Berrada assumes his position.


Despite the fact that City have fallen behind United over the last decade, the rivalry in Manchester may soon become considerably more intriguing.