Man City's financial losses close in on £200 million



Sheikh Mansour: Has spent £800 million



Manchester City have stunned the footballing world by announcing a mind-boggling financial loss of almost £200 million for the last financial year - easily the biggest in football history!

 

The eyewatering figures of £197 - bankrolled entirely by oil-rich owner Sheikh Mansour  - comfortably eclipses the largest loss ever made previously, the £141m by Chelsea in 2005 which represented the second year of their ownership by oil oligarch Roman Abramovich.

 

Mansour has always made it clearhe would spend the fortunes necessary to make City successful, and since June 2010 he has personally poured a further £291m into the club. Added to the £500m Mansour invested up to May 31 2010, he has now spent an unprecedented £800m on the football club, to bankroll the expenditure on transfer fees and wages the club would otherwise not have been able to afford.

 

Unbelievably the figures involved actually dwarf the GDP of many a small country and don't include the estimated £60 million transfer spent on luring Sergio Aguero and Samir Nasri to the club!
Meanwhile, it is believed that Manchester City will escape with just a fine if, as expected, they become one of the first clubs in Europe to break UEFA's Financial Fair Play guidelines.

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