EPL champions Manchester City reveal losses of USD 158 million
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.
Sign up for all the latest news, top galleries and trending videos from Mid-day.comSubscribe
Dhanraj Pillay relives Indian Hockey's dream run of 1998!