Man City Reveal Record Losses, More Than £100m

Chris Wright

1st, October 2010

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By Chris Wright

You might want to find something to plug your bowels as you’re probably going to lose control of them once you hear the following revelations.

Those prudent, thrifty Sheikhs over at Manchester City have today filed their financial results for last year (meaning that this summer’s massive outlay on the likes of David Silva , Mario Balotelli and Yaya Toure is not taken into account), announcing that the club has ‘suffered’ record losses of £121.3 million.

Owner Sheikh Mansour and the Abu Dhabi United Group have revealed that City’s  annual wage expenditure in the same period was £133.3 million, whilst their group turnover was only £125 million which, if the club was rooted in any kind of reality, would be completely unsustainable.

Mansour posted the following letter on City’s official

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