Manchester City make record loss

Manchester City yesterday revealed the extent of the loss the club recorded in the 2010-11 season. The net loss totalled up to £194.9m which is the biggest in Premier League history.

This presents a very large potential problem for the club, who have to adhere to Uefa’s Financial Fairplay (FFP) rules by 2013-14 to take part in European competition.

The FFP rules stipulate that the club must break even over three years, and City’s latest figures do not meet that requirement. The biggest loss previously recorded was Chelsea’s £141m in 2005, which was the year they went on to win the Premier League for the first time.

Manchester City’s Chief football operator Brian Marwood told the BBC that the club recognise the problem, “Over a period of time we are fully aware we have to be compliant and there’s a lot of work going on to make sure that’s achieved.”

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