Tebas said in a press conference at the Financial Times Business of Football Summit: “City have a lot of companies in their group which lie outside the City Football Group structure, extra companies where they put their expenses.
Tebas claims City used related companies in the United Arab Emirates to hide losses and thus improve the club’s own balance sheet, and compared it to the Enron scandal.
City declined to comment, but sources close to the club said Tebas has a long history of attacking City.
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.
The claims from Tebas come at a time when City are separately awaiting a verdict from an independent commission after being charged by the Premier League in February 2023 with more than 100 breaches of Premier League rules, which they strenuously deny.
