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First loss for Manchester City since 2014

Manchester City have recorded a loss of £126m for 2019/20, their first since 2014.   This was mainly due to deferred revenue and increased player investment.  The Covid-19 pandemic was also a factor: https://www.independent.co.uk/sport/football/premier-league/manchester-city/man-city-news-covid-finances-b1827390.html

Turnover fell by almost £57 million to £478.4 million due to the delay of revenues from the Premier League and Champions League.

Operating expenses rose by £80.1 million to £641.2 million primarily because of an increase in wages and amortisation. Wage bill now above £350 million mark and wages-to-revenue ratio exceeds 70 per cent.

The club have assigned fixed charges in relation to Premier League media revenue and matchday income to HSBC as security for a credit facility with the bank.


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