City on course to comply with FFP
By Ric Turner, Wed 03 December 2014 17:10
Turnover reaches £347m, losses down to £23m
City have today released their Annual Report for 2013-14, showing impressive financial figures that are on course to comply with UEFA's FFP rules.
The club have generated a record £347m of income, with bottom line losses of £23m. This figure would have been significantly lower, but for the £16m witheld by UEFA as part of sanctions controversially imposed in May 2014.
According to chairman Khaldoon Al Mubarak, the club “is where we hoped it would be when we began this transformation six years ago".
"We have moved beyond the period of heavy investment that was required to make the Club competitive again, it is commercial growth of the kind we are seeing today that will underpin and support our operations in the future."