La Liga president Javier Tebas has officially reported Manchester City to the European Commission over alleged financial breaches related to their operations between 2009 and 2018. Tebas highlighted concerns regarding City's use of additional companies to obscure true financial standings, arguing this undermines the necessary transparency in football governance. Despite facing scrutiny from the Premier League and Tebas's accusations, City continues to refute any wrongdoing, asserting their financial documentation is clear. Meanwhile, Premier League CEO Richard Masters reiterated that the investigation is ongoing and should be allowed to proceed without interference.
Tebas accused Manchester City of breaching financial rules with extra companies to manage expenses, claiming they misrepresent financial stability and loss responsibilities.
City insists their financial records are accurate and transparent, denying all allegations of misconduct regarding their financial dealings.
At the FT Business of Football Summit, Tebas emphasized the need for transparency across all clubs, stating that fairness in governance must be maintained.
Premier League CEO Richard Masters highlighted the ongoing investigation into Man City's breaches, stating the case is now with the disciplinary panel for review.
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