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Manchester City reveals record £194.9m loss

 

Manchester City has reported an annual loss of £194.9m for 2010-11, the biggest in English football history.

 

But the operating loss does not include the club's huge sponsorship deal with Etihad Airlines, worth a reported £35m a year, or revenues from this season's Champions League campaign.

 

Uefa's Financial Fair Play rules, which come into full effect in 2013-14, say clubs must break even over three years.

 

However the latest figures fall outside the accounting window for that.

 

The previous biggest Premier League loss was £141m reported by Chelsea in 2005 - when they went on to win the league.

 

The scale of City's losses reflect the investments made by owner Sheikh Mansour of Abu Dhabi, who has spent more than £460m on players since taking over the club in 2008.

BBC News

 

To be expected, but wow.

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