LaLiga president Javier Tebas has reported Manchester City to European Commission, alleging manipulation of financial records through external companies. Speaking at the Financial Times 'Business of Football' summit, he stated that Manchester City's financial operations involve routing losses through companies outside the City Football Group. Tebas emphasized the need for transparency in football finances, drawing a comparison to the Enron scandal. While City has denied the allegations, they are also combating charges related to breaching Premier League financial rules, which adds to their ongoing scrutiny.
LaLiga president Javier Tebas reported Manchester City to the EU for allegedly manipulating balance sheets and is under investigation, claiming transparency is crucial for all clubs.
Tebas claims that Manchester City allegedly shifted financial losses to external companies not officially part of the City Football Group, evoking parallels to the Enron scandal.
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