Man City face new financial investigation after La Liga president demand | OneFootball

La Liga president Javier Tebas has confirmed he has reported Manchester City to the European Commission over alleged financial breaches.

City are awaiting a final verdict from the Premier League's investigation into their business after they were charged with 115 breaches of the division's financial regulations between 2009 and 2018.

The reigning Premier League champions now face another investigation from the European Commission after Tebas, who has had many recent run-ins with Real Madrid, accused City of breaches of rules relating to state-owned companies.

"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 told the FT Business of Football Summit. "These other companies lose the money but not the club itself. We have reported Manchester City to the EU. We have the facts and figures.

"We asked for City to be checked. It's very important that all clubs are subject to the same transparency rules and governance on both the sporting and financial side.

"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."

Tebas has a history of criticising Man City / AFP7/GettyImages

Tebas continued: "They have a scouting company, a marketing company. That's where they have very high expenses. They invoice City for less money. City have costs that are less than if they didn't have this circle of companies around."

City have continued to deny all allegations against them, insisting their public financial records show no signs of any wrongdoing.

Richard Masters, the Premier League CEO, spoke at the same event and was asked for an update on the investigation into the 115 charges against City.

"The disciplinary panel has heard the case and they must be left alone now to consider their decision and given the time and space to be able to do that," Masters said.