LaLiga president Javier Tebas has revealed that he reported Manchester City to the European Fee for allegedly manipulating their steadiness sheets.
Talking on the Monetary Instances’ “Enterprise of Soccer” summit on Thursday, Tebas stated he had filed the grievance in 2023 and it’s in an “investigation part.”
The Premier League aspect have declined to touch upon the difficulty, though a supply instructed ESPN that they deny the claims.
A spokesperson for the EU Fee confirmed to ESPN that LaLiga’s grievance had been submitted, including that they “can’t touch upon ongoing assessments.”
“Metropolis have a variety of firms of their group which lie exterior the Metropolis Soccer Group construction, further firms the place they put their bills,” he stated.
“These different firms lose the cash however not the membership itself. We now have reported Manchester Metropolis to the EU. We now have the details and figures.
“We requested for Metropolis to be checked. It is crucial that each one golf equipment are topic to the identical transparency guidelines and governance on each the sporting and monetary aspect.
“The Metropolis case is one the place we consider they’ve put the losses on the businesses that aren’t formally a part of Metropolis Soccer Group.”
“Do you keep in mind the case in the US? The Enron case. What they did, they acquired their losses they usually put them into completely different firms. Effectively, it is a related case.”
“They [City] have a scouting firm, a advertising firm. That is the place they’ve very excessive bills. They bill Metropolis for much less cash. Metropolis have prices which are lower than in the event that they did not have this circle of firms round,” he added.
Metropolis are already ensnared in one other authorized battle as they refute fees of breaking over 100 Premier League monetary guidelines.
Data from Rob Dawson contributed to this report.
