La Liga Reports Manchester City to EU Over Alleged Financial Irregularities

La Liga president Javier Tebas has reported Manchester City to the European Commission for alleged financial irregularities, claiming the club used related companies in the United Arab Emirates to disguise losses and enhance its balance sheet. Tebas, speaking at the FT Business of Football Summit, likened the situation to the Enron scandal, asserting that City circumvented transparency rules through a complex structure of companies. He stated that the complaint, filed in July 2023, is currently under investigation by the EU, which has new regulations to scrutinize state-controlled foreign subsidies. City has not commented on the allegations but strongly refutes them, with sources indicating a history of conflict between Tebas and the club. Tebas called for sanctions against City, emphasizing the need for fair governance across football. The ongoing scrutiny adds to the club's existing legal challenges regarding financial fair play violations in the Premier League.