Man City Post Loss Of £195m
Manchester City today losses of £194.9 million for the financial year 2010-11, the highest such figures ever posted by an English football club.
The £195m consisted of a net loss of £160.5m and £34.4m to write off player contracts. These are incredible numbers and City tried hard today to put a positive spin on them:
"Our losses, which we predicted as part of our accelerated investment strategy, will not be repeated on this scale in the future," said chief operating officer Graham Wallace.
English Premier league @ Nov 18, 2011 12:01 PM EDT | Blog Profile
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