Man City owner happy with progress despite £121m loss

Martin Caparrotta
By Martin Caparrotta
mario balotelli
Mario Balotelli is one of City's big name summer signings

mario balotelli

Billionaire Sheikh Mansour believes Manchester City fans will feel a sense of pride in how “far the club has come” despite the news that it has lost an astonishing £121million over the last financial year.

The Eastland club’s annual report shows City’s £125million turnover was surpassed by the £133million that was spent on wages for new signings such as Mario Balotelli, David Silva and Yaya Toure.

The 85-page report shows an increase in income from £87million to £125million thanks to new sponsorship deals and season ticket sales. However, the document also confirms the club have made the biggest loss in Premier League history since Chelsea’s £141million in 2005.

“It has been an exciting and busy two years and that is why we are publishing this annual report,” Mansour said in a letter on the club’s website.

“It is designed for you the fans, providing a detailed perspective on the progress of your club as a business, as a member of the community and of course as a great sporting institution.

“Two years ago I promised that we would try and listen to your views and keep you informed of progress. I hope after reading the report that you feel a sense of pride in just how far we have come.”


MORE: The latest football transfer news

MORE: Meet the Premier League's most stylish footballers

MORE: Do you know the top Muslim footballers in the Premier League?

MORE: Take a tour of Arsenal star Mesut Ozil’s £10m London house

MORE: Man United latest news

MORE: Arsenal latest news

MORE: Chelsea latest news

MORE: Liverpool latest news

The Sport Review
Cream has risen to the top, as Marin Cilic and Novak Djokovic set Queen’s final clash
The Sport Review
10 goalkeepers Liverpool FC could sign in summer transfer window
The Sport Review
Arsenal transfers: 10 targets Gunners could sign for defence in summer
The Sport Review
Take a tour of Cristiano Ronaldo’s stunning house in Madrid
The Sport Review
Top 50 Muslim footballers: Arsenal, Chelsea FC, Liverpool FC and Man United stars feature
The Sport Review
10 players Chelsea could sign in the 2018 summer transfer window
The Sport Review
Roy Keane instructs Man United how to get best out of Paul Pogba
The Sport Review
Insider dampens Arsenal’s hopes of signing Argentina star
The Sport Review
Olivier Giroud reacts to controversial Unai Emery Arsenal decision