Tuesday briefing: City Football Group losses widen to £292 million as revenues fall

City Football Group has posted a pre-tax loss of £292.3 million for the 2024/25 financial year - a sharp increase from the £122.3 million pre-tax loss recorded last year.

The 11-club MCO, fronted by Manchester City and including Palermo and New York City, saw total revenue decline year on year by almost 5 per cent, from £933 million to £888 million. This was mainly due to a £36 million decrease in UEFA broadcasting revenue to £71 million.

Other broadcasting income fell by £18 mi