La Liga president Javier Tebas has accused Manchester City of financial deception reminiscent of the Enron scandal. He states that City has used related companies to mask losses, enhancing their financial image. Tebas revealed that a complaint was filed with the European Commission, which is currently under investigation. While City has not publicly responded, insiders refute these claims, asserting that they operate within regulations. Tebas emphasizes the need for transparency among all clubs and believes City has manipulated its financial reporting through external companies.
City have a lot of companies in their group which lie outside the City Football Group structure, extra companies where they put their expenses. These other companies lose the money but not the club itself.
We have the facts and figures. We asked for City to be checked. It's very important that all clubs are subject to the same transparency rules and governance on both the sporting and financial side.
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