EPL champions Manchester City reveal losses of USD 158 million

Published: Dec 15, 2012, 08:46 IST | Agencies |

Manchester City revealed they made an annual loss of �97.9 million (USD 157.9 million, 120.2 million euros) during their EPL title-winning season.

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.

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