Premier League: Manchester City losses down, turnover up to record level

Premier League: Manchester City losses down, turnover up to record level

Manchester City expect to avoid financial penalties UEFA fair play this season after reporting a decrease in losses and a record figure.

The annual report of the city for the season 2013-14 saw the club break the threshold of 300 million pounds of revenues, £346. 5 m of revenues have been generated and that their losses were more than half to 23 million from £.

These losses include the penalty of £ 16 million, they had to pay the governing body of European football for the FFP regulations impugned violation.

It must also mean that City will not be subject to the full conditional £ 50 million fine is allocated to them in may, with sentence limited to the 16 million pounds already imposed.

Chairman Khaldoon Al Mubarak issued a positive statement on the future of the club, with the first team Premier League and cup of the Capital One wins that have been added to age group levels Academy so that a successful first season in the Super FA League women for women of Manchester City FC.

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' Is a business growth of this kind we are seeing today that will support and sustain our operations in the future, "Mubarak said in the message of the president.

"Commercial success was never a reflection afterthought for Manchester City. It has always been part of the strategy put in place under the leadership of Sheikh Mansour bin Zayed Al Nahyan since 2008.

"Now that we have moved beyond the period of heavy investment that would make the club competitive again, it is a business growth of nature that we see today will support and sustain our operations in the future."

"What is important, Manchester City is entering in the next phase of its development with zero debt.".

Director general of the club Ferran Soriano said: "this year Manchester City reached the levels of maturity, strength and stability that he has worked so hard over the last six years."

"The season 2013-14 does not mark the end but rather the continuation of an incredible adventure, with many goals and upcoming developments. In our last annual report, I wrote a transformation underway; now, I believe that the days of Manchester City playing catch-up is gone."

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