Tebas also told Barcelona they will have to raise £178million from selling players if they are to have any chance of entering the transfer market this summer
By Kehinde Okeowo
LaLiga president, Javier Tebas has said the Premier League (PL) must impose punishments on the league champions, Manchester City over alleged breaches of financial regulations.
In February 2022, the Premier League accused the Citizens of over 100 breaches of financial regulations following a four-year investigation.
The alleged breaches stretch from the 2009-10 season to the 2022-23 campaign and they could receive a wide range of punishments, which could be a fine or points deduction to relegation.
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Discussing the issue, Tebas told reporters at the Financial Times Business of Football Summit recently that the English champions deserve punishment for their alleged actions.
He also advised the PL not to let the matter go unfinished if the English football governing body wants to retain its dignity.
He said: “It’s about the reputation and dignity of the Premier League.
“Your global reputation affects your ability to attract sponsorship and sell television rights,”
Man City are currently second on the PL league table, sitting 5 points adrift of the leaders, Arsenal. They are also in the UEFA Champions League and FA Cup competitions.
They play fifth-placed Newcastle in a Premier League tie at the Etihad Stadium on Saturday.
Meanwhile, Tebas has also told Barcelona they will have to raise £178million from selling current players if they are to have any chance of entering the transfer market this summer.
He said: “As of today, Barcelona doesn’t have any room in its budget to spend in the upcoming transfer window.
“Barcelona has been involved in questionable behaviour which has had an impact on LaLiga and we are acting accordingly. We have ruled that they can no longer sign more players.”
The Catalan giants’ financial issues are well-documented, and they now face a race to procure the necessary funds in time to have any impact on the upcoming summer window.
