Wednesday, January 06, 2010

Free-spending Manchester City reveal £92.6m losses


Manchester City announced losses of £92.6 million last night, the third largest in British football history, as the staggering cost of their first season under the ownership of Sheikh Mansour was revealed.

In the financial year ending May 31, 2009, City made a net operating loss of £34.2 million, but when the club’s recruitment drive and turnover of players are taken into account, the figure rises to an astonishing £92.6 million, only surpassed by Chelsea’s losses in their first two years under the ownership of Roman Abramovich.

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