Manchester City chairman Khaldoon Al Mubarak said his club wants to build a "constructive relationship" with European football's governing body Uefa.
Uefa had banned City from European competition for two years after ruling they had breached Financial Fair Play (FFP) regulations but the club won an appeal last month at the Court of Arbitration for Sport to have that verdict and sanction overturned.
City also saw their initial fine of €30 million (Dh124.6m) reduced to €10m.
The club had issued strong condemnations of the investigation but in an interview with the club's website on Monday, Al Mubarak struck a different tone when focusing on Uefa's Champions League competition, in which Pep Guardiola's side were knocked out in the quarter-finals by Lyon.
"Life is too short to carry grudges. It is an important competition. It is one of the most prestigious competitions in the world of sports and it is a competition we want to win and it is a competition we have to respect in order to win," he said.
"And this was a challenge, it’s behind us, end of story as far as I am concerned, I am focused on one thing. How I can help this club compete in this competition and win it and how to have a constructive relationship with Uefa, I think it’s the only way to go."
City have already been busy in the transfer market, bringing in defender Nathan Ake from Bournemouth for a reported £40m and 20-year-old Spanish winger Ferran Torres from Valencia in a deal worth around £20m.
Al Mubarak said the club had moved quickly to get those deals done but added that more new faces could be arriving.
"We don’t take a one-year view, we take a three, five, 10-year view and when we look at what changes or improvements we have to make for this squad, we’re going to make them and we’ll be sensible and pragmatic about it but we will do what it takes," he said.
"There are additional players we will be bringing in and we will stick to the plan, obviously within the realities of the market that we live in today.
“If you look at the acquisitions we have made over the past couple of years, there’s a consistency in the type of player we have targeted in terms of age and quality. So we will continue down that road.
“The age bracket, we are always looking at it as a priority for the first team, in that 20-25 year old category, that’s kind of the spot that we like.
"At the same time, the reason I don’t like to box myself in with this answer is because sometimes opportunities come up that fit with what the manager wants and with what we need for the squad that might be out of that box and if that’s the case, we’re pragmatic enough to make that move.
“So nothing is set in stone. We clearly have a way of doing business in terms of targets that are well defined but at the same time, we’re pragmatic enough to take the opportunity if that opportunity comes up.”
Al Mubarak also hailed Kevin De Bruyne as the “future of the club” and expressed his delight at the Belgian midfielder being awarded the Premier League Player of the Season.
“I was very pleased, very pleased because it is so well deserved,” Al Mubarak said. “It was a combination of being pleased but also a bit relieved. I was worried because we have seen it before with City players, them being overlooked for this very important award and I was worried that Kevin would be overlooked this year, because in my view it was unquestionable.
“My vote was clear, obviously it is subjective because of who he plays for, but Kevin is the best player in the league this year. He’s earned it, he’s shown it and I’m glad he got this appreciation and respect from the football world.
“He has become and important leader of this group. He is really the future of Manchester City Football Club and all I can say is well deserved and well earned.”
___________________________________________________
Manchester City 2019/20 season ratings
Company%20profile%20
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EYodawy%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Egypt%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EKarim%20Khashaba%2C%20Sherief%20El-Feky%20and%20Yasser%20AbdelGawad%3Cstrong%3E%3Cbr%3ESector%3A%20%3C%2Fstrong%3EHealthTech%3Cbr%3E%3Cstrong%3ETotal%20funding%3A%20%3C%2Fstrong%3E%2424.5%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EAlgebra%20Ventures%2C%20Global%20Ventures%2C%20MEVP%20and%20Delivery%20Hero%20Ventures%2C%20among%20others%3Cstrong%3E%3Cbr%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%20500%3Cbr%3E%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
DUBAI%20BLING%3A%20EPISODE%201
%3Cp%3E%3Cstrong%3ECreator%3A%20%3C%2Fstrong%3ENetflix%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EKris%20Fade%2C%20Ebraheem%20Al%20Samadi%2C%20Zeina%20Khoury%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
'Munich: The Edge of War'
Director: Christian Schwochow
Starring: George MacKay, Jannis Niewohner, Jeremy Irons
Rating: 3/5
The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
Torque: 800Nm from 2,500-4,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 11.12L/100km
Price: From Dh796,600
On sale: now
The biog
Favourite books: 'Ruth Bader Ginsburg: A Life' by Jane D. Mathews and ‘The Moment of Lift’ by Melinda Gates
Favourite travel destination: Greece, a blend of ancient history and captivating nature. It always has given me a sense of joy, endless possibilities, positive energy and wonderful people that make you feel at home.
Favourite pastime: travelling and experiencing different cultures across the globe.
Favourite quote: “In the future, there will be no female leaders. There will just be leaders” - Sheryl Sandberg, COO of Facebook.
Favourite Movie: Mona Lisa Smile
Favourite Author: Kahlil Gibran
Favourite Artist: Meryl Streep
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities
Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails
Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies
Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments
Neymar's bio
Total club appearances 411
Total goals scored 241
Appearances for Barca 186
Goals scored for Barca 105
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less