Etihad Stadium

Next Game

Man City v Stoke

Saturday, 30 August 2014, 15:00

Barclays Prem

Etihad Stadium

Last Game

Man City 3 - 1 Liverpool

Monday, 25 August 2014, 20:00

Barclays Prem

City reveal financial results

Manchester City halved their losses for a second consecutive year and the club expects to break even as early as next season.

Last Updated: 29/01/14 at 18:22 Post Comment

Manchester City: Have slashed their losses in recent seasons

Manchester City: Have slashed their losses in recent seasons

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

City have posted improved results in recent years and recorded a £51.6million loss last season, down from £97.9million in 2012 and £197.5million the previous season.

Turnover was a record high of £271million, up from £231million, and is the second-highest in the Premier League.

City also paid off all their debts, which totalled £58million a year ago, and the club's chief executive Ferran Soriano admits significant strides have been taken in cutting losses and boosting turnover.

"Growing revenues and controlled expenses are bringing the club to break-even in the immediate future and profitability thereafter," he said.

City will receive extra income this season, including around £25million extra from the new Premier League TV deals, while they earned financial reward after reaching the Champions League knockout stages.

The club must comply with UEFA's financial fair play rules and hope to be within the 45million euro limit of losses once the money spent on facilities and youth development are taken into account.

In the club's annual report, City chairman Khaldoon Al Mubarak said winning

trophies was the key to the club's strategy.

He said: "We have every reason to be optimistic. The core group of players we have assembled in recent years has shown that it has what it takes to prevail in the most challenging of circumstances.

"With the arrival of Manuel Pellegrini and the further strengthening of our squad, Manchester City has entered the 2013-14 season with a renewed sense of confidence for the future.

"The club has made no secret of the fact that winning championships is at the heart of its strategy. However, we are also seeking to create teams that play creative, entertaining football, and at the same time to continue to build a socially responsible and commercially successful off-field operation to harness the opportunities generated by our on-pitch performance."

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

Related News

Most Commented

Readers' Comments

E

ven if United were to sign CR7 & Messi to play upfront, the fact remains Fletcher and Cleverly are playing in midfield. That's where the problem is. Fletcher is too slow with an awful pass, while Cleverly is simply rubbish

mrunited4life
Di Maria - A Signing of Necessity, or Opportunity?

T

hese days, these days, you can't say something racist without somebody saying that you're a racist.

tk421
'Wrong' Views Not Silenced By Shouting...

D

rop Rooney (he's so disappointing, overrated and overpaid), and play Di Maria and RVP upfront, much like the set up at the Netherlands team with Roben and RVP...

eric bush3
Di Maria - A Signing of Necessity, or Opportunity?

Footer 365

England: Wayne Rooney odds-on for captaincy as Roy Hodgson prepares to name squad

Roy Hodgson will name his new England captain when he announces his squad for England's upcoming games on Thursday.

Champions League: Emergency keeper sends Ludogorets through to group stage

Emergency keeper Cosmin Moti saved two penalties as Bulgarians Ludogorets Razgrad made the Champions League group stage.

Arsene Wenger confirms injured Arsenal striker Olivier Giroud will be out until New Year

Arsenal striker Olivier Giroud is unlikely to play again this year after having surgery on his injured ankle.

Mail Box

Should Kagawa Play Ahead Of Mata?

That's one question posed in the afternoon mailbox, although it looks like the Japanese playmaker could soon be on his way. Plus, tipping Palace to go down under Warnock...

Well, This Isn't Going That Well Is It?

Plenty of fall out from Manchester United's shambolic 4-0 League Cup defeat, plus thoughts on Van Persie, Arsenal strikers, Benik Afobe, Celtic and Astroturf...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property