Man City annual losses rise to staggering €102m

MANCHESTER CITY have reported mammoth annual losses of £92.6 million (€102.8m).

The eye-watering figure represents the second largest annual loss in English football history – Chelsea recorded £140m (€155.4m) losses in 2005 – and emphasises the vast amounts of money invested by Sheikh Mansour since he bought the Eastlands outfit from Thaksin Shinawatra in September 2008.

As the figures run to May 31, 2009, they do not take into account last summer’s transfer dealings.