26.2 C
Accra
Monday, February 24, 2025
SportsTebas upset by slow Man City investigation

Date:

Tebas upset by slow Man City investigation

Investigations into Manchester City’s suspected financial irregularities have “taken too long”, according to LaLiga chief Javier Tebas.

Following a four-year inquiry, the Premier League champions have been accused by the league of breaking over 100 rules in relation to their financial affairs.

City has refuted all allegations of wrongdoing and has vowed to fight the charges, which might result in sanctions like a points deduction and possible relegation.

Tebas, who has repeatedly criticized the Premier League’s wealth, claimed the probe had taken too long after the matter was originally brought up in 2017.

“Now it is 2023, and nothing has moved on, but suddenly there is an enquiry,” he told the Financial Times Business of Football Summit.

“It has taken too long. We know there was an alleged breach of 100 articles. So any decisions will have to be adopted accordingly by the Premier League.”

Tebas drew comparisons to LaLiga title frontrunners Barcelona, who have frequently been in conflict with the governing body over their own financial conduct.

The Blaugrana have amassed eye-watering debts, and were forced to activate additional financial levers in order to fund their transfer market activity last year.

“One of the worst things about financial controls is if you don’t follow or comply with it,” Tebas added.

“Barcelona are so important for LaLiga in Spain, but if I looked away and didn’t pay attention to what is happening with their finances, it would be a gross error.

“Our whole system would collapse. It is impossible for them to do transfer business in the summer because of the numbers. This needs to be resolved, and we need to act.”

[forminator_poll id="710479"]

Latest stories

Suspended staff given appointment letters were paid allowances, not salaries – NEIP Boss blows alarm

Eric Adjei, Chief Executive Officer of the National Entrepreneurship...

Former NSA Deputy Director reportedly detained by NIB

Kwaku Ohene Gyan, widely known as Osonoba and a...

Emergency C-Section, Banky W’s cancer battles – Adesua Etomi shares struggles in 2024

Nigerian actress Adesua Etomi celebrated her birthday by sharing...

Breman-Adomanya Forest occupied by galamseyers – Report

Illegal mining activities led by both Chinese and Ghanaian...

Related stories

Mahama appoints Nii Lante Vanderpuye as National Coordinator for DRIP

Former Minister of Youth and Sports, Edwin Nii Lante...

Rodrygo is underated, but he’s the best on the team – Jude Bellingham

Real Madrid midfielder Jude Bellingham (21) hailed the performance...

Jenni Hermoso to appeal verdict in Luis Rubiales kiss scandal

Jenni Hermoso, plans to challenge the court's decision regarding...

Owner of Caen FC Mbappé visits his struggling club on day off after hat rick

Kylian Mbappé, as the owner of Stade Malherbe Caen,...

Ref requests for Messi’s autograph, faces Concacaf’s wrath over breach of rules

Referee Marco Antonio Ortiz Nava has been disciplined for...

George Boateng slams GFA’s sloppiness in addressing Black Stars’ AFCON woes

Former Black Stars assistant coach, George Boateng, has criticized...