Manchester City Premier League leaders have reported a £ 126m loss for the 2019-20 season, disrupted by a coronavirus pandemic.
The club recorded an 11% decrease in revenue to £ 478.4 million, but that figure does not include deferred player sales revenue – including revenue from Leroy Sane move to Bayern Munich.
City expects an immediate return on profits for the current season.
During the two campaigns, a total loss of less than £ 60 million a year is projected.
For the needs of the financial Fair Play, the financial results of football clubs for 2019-20. I 2020-21. It should be combined in one year.
Chairman Khaldoon Al Mubarak said the club was “basically strong, with committed shareholders and significant assets, carefully built over a decade and based on more than a century of history”.
“Our long-term approach meant that we were not now completely dependent on the revenue streams that were most sensitive to the lasting impact of Covid-19,” he added.
The Premier League season was postponed between March and June 2020 due to a pandemic, which has since prevented fans from attending matches.
CEO Ferran Soriano said: “It is clear that the accounts of 2019-20. Isolated are not the best representation of the reality of the season with a delay in trading players and numerous games played after June 30, 2020, and revenues from which will be calculated in Period 2020- 21.
“A better financial picture of Covid’s years will be provided at the end of the 2020-21 season, when the two seasons combine and normalize.”
City, which has 14 points more than Manchester United’s closest Premier League challengers, is competing for four trophies in the final stages of the 2020-21 campaign.
‘The city will still have money to spend’
An analysis by Simon Stone of BBC Sport
This is another attractive loss for the big Premier League club, which once again highlights the huge financial impact of the coronavirus pandemic on English football.
There are several reasons why the figure of £ 126 million is not as staggering as it might seem.
The City gaming season ended after these bills were filed. Unlike all clubs except Chelsea, this meant that total revenue from the Champions League was not included – and City reached the quarter-finals. Just to get to that point with the last 16, City have invested around £ 10 million.
In addition, a club record deal was signed in July in which Leroy Sane joined Bayern Munich for an initial £ 44.7 million which could rise to £ 54.8 million, so that is not included either.
Most fans will want to know what that means for City’s chances of buying players for the summer. The answer is that City has money to spend on real players.
That’s not to say Pep Guardiola’s manager was dishonest on Friday when he said the club might not necessarily buy the striker, even though he wants one, but in City’s view the market has been adjusted because of Covid and they don’t believe in huge numbers speculating on players like Borling Dortmund , By Erling Braut Halland, is likely to come true.
Obviously, if they think they need a player in a certain position, they will try to reach him, but at a figure that they think represents value for money.