The big-spending Eastlands outfit had lost £197.5m 12 months ago. City’s turnover last season was £231.1m and the club's Abu Dhabi-based owners are happy with the financial performance.
They are sure the huge losses will not have an impact on their ability to meet UEFA’s Financial Fair Play guidelines as £15m comes from infrastructure and youth development costs.
SRK-Gauri anniversary: B-Town stars and their non-filmi better halves
Birthday special: Popular mothers and daughters in Bollywood
Spotted: 'Kaabil' star Hrithik Roshan with dad Rakesh Roshan
'Rock On 2' trailer launch: Farhan, Shraddha enthrall audience with live gig
Photos: Deepika Padukone, Sushmita Sen with daughters at Mumbai airport