etihad stadium naming rights

Although the club have not been willing to provide the media with the precise breakdown of where the money will be spread, they will present the figures to Uefa if necessary.Nonetheless, City face the possibility of other clubs raising the matter with Uefa. Photograph: Ed Sykes/Action Images ... with the naming rights … Etihad reached the agreement with Miral, which is responsible for the development and management of Yas Island.

Around £48m of that came via shirt sponsorship, with the naming rights worth only £2.8m a year. The stadium features a retractable roof, and the ground level seating can be converted from oval to rectangular configuration. Miral, the developer of Yas Island, on Wednesday finalised a partnership with Etihad Airways to secure exclusive naming rights of Yas Bay Arena. Etihad Airways has agreed a deal to acquire naming rights to Yas Bay Arena, a new multi-purpose indoor arena in Abu Dhabi.Etihad reached the agreement with Miral, which is responsible for the development and management of Yas Island.The venue will officially be known as Etihad Arena as part of the agreement, which is designed to position the arena as a leading entertainment destination in the region.Etihad Arena will be operated by Flash Entertainment and will host events with capacities ranging from 200 to 18,000 people. All Rights Reserved. 'A significant part of the deal will go towards developing the Etihad Campus and, crucially, Uefa does not count money spent on improving infrastructure, regenerating surrounding areas and youth development when it comes to totting up losses. Website by All the latest news, blogs, videos, and up-to-the-minute media coverage from all the leading voices in the global sports venue sector – all in one place. "Under the terms of financial fair play, clubs have to show they can break even in the medium term if they are to take part in European competitions and, for City, that represents a significant issue given that their last financial figures reported a £121m loss and the next accounts, to be published in September, are expected to be worse.The club have, however, made extensive inquiries of their own, consulting with Uefa in the process, to ensure the Etihad deal fits in with the rules and cannot be construed, in essence, as a different twist to 'mates' rates'. Manchester city council allowed City to negotiate the naming rights as part of an improved rental agreement, agreed this year, which means the club will pay £20m over the next five years to an authority in the grip of financial cuts.City must now convince Uefa that the amounts involved do not contravene the incoming financial fair play regulations and, specifically, the condition that stipulates sponsors with close links to club owners pay a fair price.Etihad are owned by the Abu Dhabi government and the airline's association with the City owner, Sheikh Mansour, a member of the Abu Dhabi royal family, will almost certainly prompt Uefa's Club Financial Control Panel, under the chairmanship of the former Belgian prime minister Jean-Luc Dehaene, to investigate.A Uefa spokesman said: "We are aware of the situation and our experts will make assessments of fair value of any sponsorship deals using benchmarks. Construction started in October 1997, and was completed in 2000 at a cost of A$460 million. © 2020 Guardian News & Media Limited or its affiliated companies.

This is a testament to our commitment to grow the tourism industry and achieve our leadership’s vision of economic diversification.”Yas Island is home to Ferrari World Abu Dhabi, Yas Waterworld, Warner Bros. World Abu Dhabi, Yas Links Golf Course, Yas Mall, Yas Marina Circuit, Yas Marina and seven hotels.The Etihad Arena is set to open this year but no specific date has been announced yet.© 2020 TheStadiumBusiness News. It is set to host sports events, corporate events, cultural performances and concerts.Tony Douglas, group chief executive of Etihad Aviation Group, said: “It’s an honour to partner with an Abu Dhabi institution such as Miral on this joint venture, that will further promote Abu Dhabi and Yas Island as a hub for entertainment, tourism and culture.“Etihad Arena complements our global presence at a number of sporting and entertainment venues, most notably Etihad Stadium in Manchester, home of Manchester City Football Club.

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