La Liga Accuses Manchester City of 'Enron-Style' Financial Misconduct
La Liga president Javier Tebas alleges Manchester City used UAE-linked companies to distort finances, prompting an EU investigation.
- La Liga filed a complaint in 2023 with the European Commission, alleging Manchester City used foreign subsidies from the UAE to gain an unfair competitive edge.
- Javier Tebas claims City concealed losses by offloading expenses to related companies outside the City Football Group structure, likening the practice to the Enron scandal.
- The allegations suggest City's financing mechanisms distorted the EU market, enabling them to sign top-tier players and coaches beyond typical market conditions.
- Manchester City denies the accusations, with sources pointing to publicly available financial records as evidence of compliance.
- The EU investigation comes as City also awaits a verdict on over 100 alleged Premier League financial rule breaches, which the club also disputes.