Manchester City chief executive Ferran Soriano said in a video to staff on September 29, 2026 that the Premier League case against the club "is based on a single false accusation" that the owner's personal money was somehow and secretly put into the club through sponsors from Abu Dhabi, and that bank statements, money transfers and witnesses show "the money did not come from the owner."
Why we used this label
Relative to the proposition that City used sponsorship contracts the commission described as shams, and related arrangements, to misstate its finances and circumvent the Premier League's financial rules, as the commission found, Soriano calls the central accusation false ("This is just not true") and the commission's conclusion "clearly wrong." That is a flat rejection of the finding, so we used Denied. The closest competing label is Challenges the characterization, because he calls the league's case a "conspiracy theory" and the decision an "opinion," but he goes beyond disputing labels and says the owner's money did not enter the club.