Below is a summary of the full article. Click here for the full version or go back to LFC Live.net

La Liga chief executive Javier Tebas says he has reported Manchester City to the European Commission for manipulating their finances(Image: Molly Darlington/Copa/Getty Images)

As Liverpool watch on for the final verdict on Manchester City's alleged charges of financial misconduct in the Premier League, their rivals have been accused of more financial misgivings.

La Liga chief executive Javier Tebas has accused them of an 'Enron' style financial scandal which he claims is under investigation from the European Commission.

In February 2023, Liverpool's rivals were slapped with charges of over 115 counts of alleged financial wrongdoing between 2009 and 2018 and in the two years that followed have continued to protest their complete innocence with 'irrefutable evidence' to back themselves.



A tribunal took place between September and December last year, now a disciplinary panel is reviewing each charge with a final decision expected imminently.

Whilst that process is expected to be drawn out further by an appeal from either Man City or the Premier League depending on the outcome, the club have now received another barrage of attack from Spain.

Speaking at the Financial Times' Business of Football summit on Thursday, the outspoken Tebas has alleged that they have spread their losses and hidden them in a series of related marketing and scouting companies to manipulate financial fair play figures.

READ MORE:'He'd probably go to' - Ian Wright names likely winner in Alexander Isak Liverpool vs Arsenal transfer battleREAD MORE:When Liverpool could mathematically win Premier League title as Arsenal face two nightmare scenarios

The La Liga chief referenced the Enron scandal - a massive 2001 accounting and fraud and bankruptcy case worth billions of dollars in the United States.

We have reported this to the European Union with facts and figures.

"The UK might not be part of the EU but City have commercial activities in Europe and in July 2023 the EU ruling said that they could look at state-aided companies, whether they are based in the EU or not.

"So we asked for City to be checked.

We haven’t had a reply so it must be under the investigation phase.

"The City case is one where we believe they have put the losses on the companies that are not officially part of City Football Group.
For more news relating to Manchester City, visit our sister site City Latest Live.