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City Juggernaut Announces Record Turnover

City Juggernaut Announces Record Turnover

Manchester City Football Club has published an annual report in which the English champions have halved their losses and confirmed a club record turnover...

Annual losses have been reduced to £97.9 million which is a sum less than half the £197.5 million announced one year ago.

Turnover reported for the 2011-12 season amounted to a stunning £231.1million, a club record, despite group stage elimination from The Champions League.

MCFC further confirmed: "The capital base of the Club has also been strengthened through the issuing of £169m in new equity during the year, avoiding debt based funding and continuing to ensure that the Club is virtually debt free."

His Highness Sheikh Mansour, Chairman Khaldoon Al Mubarak and their team are nobody's fools. Despite The Blues having had to circle the wagons with greater intensity since being crowned champions, the club remains very much on course towards becoming a major European football force.

all times East Manchester

Tomorrow 12h45 Newcastle, St James' Park, PL
Sa 22Dec 15h00 Reading, The Etihad, PL
We 26Dec 15h00 Sunderland, Stadium of Light, PL
Sa 29Dec 15h00 Norwich, Carrow Road, PL
Tu 01Jan 15h00 Stoke, The Etihad, PL
Sa/Su 05/06 Jan TBC Watford, The Etihad, FAC
Su 13Jan 16h00 Arsenal, The Emirates, PL
Sa 19Jan 15h00 Fulham, The Etihad, PL
Tu 29Jan 19h45 QPR, Loftus Road, PL

Click here to join in the debate on the club forum.

Writer:Johnny Baguette
Date:Friday December 14 2012
Time: 5:21PM

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You only lost £100 million? What's up with your stingy owners? Of course the title wasn't bought was it. Another great club reduced to begging.
Love totty
14/12/2012 17:48:00
I seem to recall a saying about turn-over being vanity, and profit being sanity. Still some way to go boys.
14/12/2012 17:57:00
Good grief. And Tottenham Hotspur wouldn't have spent anything had Sheikh Mansour come to town? I recall watching us get regularly pasted by Spurs when we wouldn't have had a hope in hell of paying the salaries the likes of Lineker and Gascoigne bagged.
Johnny Baguette
14/12/2012 17:59:00
And by the sounds of this Ox we'll be there a lot sooner than a lot of our detractors predicted.
14/12/2012 18:04:00
We'll be profitable by 2014/2015 season, bank on it. People who actually know what they're doing predicted the near exact amount we'd lose this season and have us breaking event/profitable not next season but the season after. That's even without Champions League progress factored in, which surely we'll achieve sooner or later.
14/12/2012 18:08:00
lol! Here are the Tottingham fans, once again with their faces pressed up against the MCFC window. Wish they'd stop licking though, costing a fortune to clean that up, and we do need to minimise our losses you know. ROFLMAO.
14/12/2012 18:25:00
Are Spurs fans upset that we still don't have the highest ticket prices in the league? Or that our value-for-money far exceeds theirs? Or that the owners have decided to focus on improving the area instead of making it a play-thing to make money off of? All of these things NOT being done by the Spurs owners.
14/12/2012 18:47:00
well, spuds wanted the Olympic arena, and all for Nothing and then flatten it and expect the tax payers to foot the bill???so they could 'Build a NEW stadium' that Levy bloke has come Neck!!!!!And it's not in North London either!!!!!and as for the outside looking in, What more do you expect? The green eyed monster has many guises!!!!!
16/12/2012 21:13:00
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