Tebas likens Man City to Enron saying they hide losses in businesses outside CFG
February 28 – La Liga president Javier Tebas has accused Manchester City of financial deception akin to that of Enron, claiming that the Premier League champions hide losses in different companies to improve the club’s finances.
Tebas (pictured) argued that the alleged practice has allowed the Abu Dhabi-owned club to report lower costs and gain an unfair competitive advantage by signing elite players and securing inflated sponsorship revenues.
“The City case is one where we believe they have put the losses on the companies that are not officially part of CFG (City Football Group),” said Tebas at the Financial Times Football Summit.
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