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I'd have no problem if it was individuals. The problem the football authorities have, though, is proving that Man. City is owned by a State and not by individuals who also form part of the State. I'm not sure how State ownership can be proven in court, and therefore stopped.
I don't see much difference between what City have done and what we did. We both cheated; City just did it better.
And I don't have a problem with ownership by Emirati individuals; we are part-owned and run by Americans after all, and among that Country's list of tricks is the funding of the Gazan genocide. Sportswashing by a Nation is a problem, but I'm not sure how it could ever be successfully legislated against even if the desire was there.
FFP, however, is simply unfair, and should be replaced by a wage cap and ringfencing.
Plus the decision to film it in black and white makes no sense to me. The Italian sunshine and scenery was the perfect backdrop to their indolent lifestyle of basked-in beauty. Filming it in b&w robs the series of that stage.