The Eastland club’s annual report shows City’s Ã‚Â£125million turnover was surpassed by the Ã‚Â£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 Ã‚Â£87million to Ã‚Â£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 Ã‚Â£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.”
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