MANCHESTER City have been accused of an “Enron-style” financial deception by Spanish LaLiga boss Javier Tebas.Outspoken Tebas stunned an audience in London as he claimed the Etihad outfit had hidden losses that would have impacted their financial fair play status by hiding them in related Abu Dhabi-owned companies.RexLaLiga boss Javier Tebas has accused Man City of an “Enron-style” financial deception[/caption]GettyCity are waiting on a verdict after being charged with 130 financial rule breaches[/caption]Manchester City have dismissed the claims as “without foundation”.Tebas directly referenced the Enron scandal, which saw the US energy giant hit with a £40billion fraud claim in 2001 and led to the collapse of a major accounting firm and the jailing of senior executives.The Spaniard told the FT Business of Football Summit: “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.“You remember the case in the USA, the Enron case. They put losses into different companies. These are similar cases.“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.“These other companies lose the money but not the club itself.“If you have these high expenses and the companies lose money eventually City will lose money.BEST FREE BET SIGN UP OFFERS FOR UK BOOKMAKERS“But they have structural costs that are being carried by the companies around them, which are used to avoid the regulations.”Tebas’ claims brought an angry reaction from City, who privately dismissed any allegations as without foundation and could even bring legal action. The Prem champions argue Tebas has a long history of attacking the club and refused to comment.But they strongly refute the allegations and pointed to their accounts as proof of no wrongdoing which are a matter of public record.Despite that, La Liga detailed a formal complaint against City they made to the European Commission in 2023 accusing the club of causing a “serious distortion” in the football market.Tebas added that LaLiga believed City’s Abu Dhabi owners had used their wealth to illegally bolster the club’s competitive position.He said: “We also reported City over sponsorship and capital contributions.“Normally in Europe the competition sanction if you receive state aid that distorts the market is that you have to return the public aid to the state plus other sanctions.“We presented our complaint to the EU. It is in the investigation phase.“We’ve not had a reply but it must be under investigation. The EU have lots of other cases, not just this one.“The problem is City, the club and the companies they manage, not Abu Dhabi or Sheikh Mansour.“We believe they are not fulfilling FFP rules, rules that bring integrity to competitions, so everybody must comply with them, on and off the pitch.”