Emirates Stadium

Next Game

Arsenal v Man City

Saturday, 13 September 2014, 12:45

Barclays Prem

Etihad Stadium

Last Game

Man City 0 - 1 Stoke

Saturday, 30 August 2014, 15:00

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

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."

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

Premier League: Southampton's Morgan Schneiderlin in plea after thwarted move

Morgan Schneiderlin has appealed to Southampton fans after a thwarted attempt to leave St Mary's.

Premier League: Chelsea hit Everton for six in nine-goal Goodison Park thriller

Chelsea hit Everton for six in a goal-filled Premier League extravaganza at Goodison Park which finally ended 6-3.

Transfer news: Leicester sign QPR full-back Danny Simpson

Leicester City have signed full-back Danny Simpson from Queens Park Rangers for an undisclosed fee.

Mail Box

Surely A Spurs Fan Should Remember...

...what happened to the fourth Champions League place the last time an English team won the thing. Plus, who would want to pay £60 to watch the current England team?

Ginger Pirlo? Don't Make Me Laugh...

A Sunderland fan in the mailbox is surprised by Jack Colback's call up to the England squad. Plus, thoughts on Welbeck and Liverpool's Champions League draw...

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