United Arab Emirates threatens to withdraw billions in UK investments over Manchester City verdict

The United Arab Emirates has threatened to withdraw billions of pounds in investments from the United Kingdom in retaliation for the Premier League's verdict against Manchester City, which found the club guilty of 114 financial breaches. The warning was delivered to British Prime Minister Andy Burnham, according to The Telegraph. Manchester City, owned by a UAE fund, has announced it will appeal the decision. The diplomatic tension follows a meeting between club president Khaldoon Al Mubarak and UK trade secretary Jonathan Reynolds, which took place before the verdict was made public.