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 | | Champion of England = 90 million pounds loss15.12.2012 |
The loss of the English soccer champion Manchester City for the last season were more than 90 million pounds, the investment has been sunk in the purchase of expensive players and all costs around that in order to win the first title in England from 44 years.
Others around 90 million pounds are buried in improving the first team and the Academy of the financial year. So the total cost to the owners from Abu Dhabi of the takeover of the club in 2008 to date amounted to 580 million of the English currency.
But from Manchester City announced along with the results that they start procedure in repayment of the debts and fit of the club within the financial fair play, imposed by the new rules of UEFA.
Himself Sheikh Mansoor Bin Zayed bin Sultan al Nahiyan ordered cost containment and targeting for sales of players, regardless of the price.
The losses of 97.9 million pounds for the season 2011/2012 clean financial are recorded in 2011 and the budget for the current season will be entered in the balance sheet for 2012, also specify from the club.
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