With money increasingly pouring into the Premier League from sources each more dubious than the last, it can be difficult to keep track of all the financial wrongdoings taking place across the English top-flight.
In recent times, the attention has rightly shifted to Newcastle United and the Magpies’ new ownership, a consortium containing PIF (Public Investment Fund) – controlled by Saudi Arabia’s Crown Prince Mohammed bin Salman.
In an investigation shared on Twitter by @Millar_Colin, however, scrutiny may yet turn back to the blue half of Manchester with it appearing that not all is at it seems with Manchester City’s Asian betting partner, 8XBet.
Man City generating 'profit' from a bookmaker with highly dubious authenticity operating out of, you guessed it, the United Arab Emirates. The nation where betting is illegal and punishable with a custodial sentence. Welcome to football in 2022. https://t.co/brbxyT79QU
— Colin Millar (@Millar_Colin) September 20, 2022
Moving past the concerning lack of a genuine social presence, the company’s dubious origins would certainly suggest, at the very least, that something’s a little off about the Sky Blues’ latest partnership.
“Manchester City’s website claims that 8XBet was founded in 2018 by one ‘Ryan Li’,” Jack Kerr, Philippe Auclair, Andy Brown and Steve Menary wrote for Josimar.
“Yet the 8xbet.com domain was for sale as of November last year, as the Wayback Machine shows.
“The .com domain for 978bet, the bookmaker’s previous name, was for sale in 2019 and blank in November 2020.
“There are a number of mirror sites associated with each of these brands: but the ones that we checked were either registered in 2020 (for 978Bet) or around Christmas last year (for 8XBet).
“This means that, if it was operating in 2018 as claimed, it may well have been doing so illegally: the bookmaker is licensed in Curacao through a company called 978 Tech NV, and Open Corporates shows that this was only registered in March 2021.
“As for its founder, when we searched for “Ryan Li” “978Bet” on Google, the solitary result was Josimar’s previous article on the bookmaker.
“A search for “Ryan Li” “8XBet” returns no results prior to March 2022, when he began to be named in promotional-style news articles announcing a partnership between 8XBet and Teddy Sheringham.
“At least two journalists who quoted ‘Ryan Li’ did not speak to him but received quotes via email from a British public relations company they were not at liberty to name.”
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This isn’t the first time that Manchester City have been accused of attempting to circumvent financial fair play rules with a prior investigation from UEFA suggesting that the Premier League club had ‘artificially’ inflated their income for several years.
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The murky nature of rules around time-barred offences means Pep Guardiola’s men have largely gotten away with their allegedly dodgy dealings off the pitch.
That being said, should such investigations gather traction as far as any official bodies are concerned, one would have to think the incumbent champions would be under threat of serious sanctions.
The post Man City appear to make a mockery of FFP again – profiting off ‘dubious’ betting partner operating out of UAE appeared first on The Empire of The Kop.
