Manchester City recorded a loss of £126 million but expect to return to profitability this season
6 April 2021
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.
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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