Manchester City recorded a loss of £126 million but expect to return to profitability this season

6 April 2021

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Photo: Alamy "We are confident that Manchester City is on track to show a positive financial result in the season 2020/21," CEO Ferran Soriano said.

Turnover fell by almost £57 million to £478.4 million due to the delay of revenues from the Premier League and Champions League.

Operating expenses rose by £80.1 million to £641.2 million primarily because of an increase in wages and amortisation. Wage bill now above £350 million mark and wages-to-revenue ratio exceeds 70 per cent.

The club have assigned fixed charges in relation to Premier League media revenue and matchday income to HSBC as security for a credit facility with the bank.

Emil Gjerding Nielson nielson@offthepitch.com

Manchester City recorded a net loss of £126 million for 2019/20 as deferred revenues and increased player investment saw the club present their first deficit since 2014.

The results have been revealed after a series of other losses by rivalling 'Big Six' clubs such as Manchester United (£20.8 million), Tottenham (£67.7 million), and Arsenal (£54 million).

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