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City Football Group total losses £1.33 billiom

City Football Group Ltd (CFG), which owns Manchester City (MCFC) and many other football clubs, publishes 21/22 accounts.

CFG revenue £705m up 13% partly due to end of lockdown. 86% of revenue from MCFC. Operating losses pre player sales £182m, of which £22m from MCFC.

CFG total losses since it was formed in 2013 £1.33 billion, group has substantial cash reserves, partly due to taking out a $650m loan in the year, perhaps to fund more Club acquisitions or infrastructure projects.

Commercial and matchday rise in income more than offset broadcasting money fall.

Wages up £31m to £488m, of which 73% borne by MCFC. Senior management pay more than doubled to £11.8m.

Player purchases for CFG £191m, of which £149m were by MCFC. Player sales £95m (£86m by MCFC).

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