Date: 3rd December 2014 at 5:25pm
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Manchester City have now posted their Annual Report for the 2013-14 season.

The headline figures for many fans will be learning that turnover has exceeded £300million for the first time in our history, with income of £347million being generated during the last accounting year.

The bottom line loss for the club has also been reduced by roughly 50% on the previous year (£51.6million) and now stands at only £23million – the figure includes the accounting of £16million which represents the total of the UEFA sanctions imposed on us in May 2014 following our disputed breaches of the Financial Fair Play regulations.

In his report statement, Chairman Khaldoon Al Mubarak sopke about our on field achievements in the year, securing the Premier League title and the Capital One Cup during that reporting period, as well as the wider league and tournament success of our Academy age groups.

He also reaffirmed the commitment to Manchester City Women’s FC which completed it’s first season in the FA Women’s Super League.

‘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.’

Stating further that the club was now ‘where we hoped it would be’ when we began this journey six years ago, he also expressed further hope for success in the future and discussed the progress made off the pitch in our global expansion of the City Football Group organisation, as well as our ties to our now sister clubs across the globe.

Chief Executive Ferran Soriano echoed the Chairman’s thoughts of striving for a ‘new level of financial sustainability’ and the continued commercial growth we need to support that, and also pointed out that City have now halved losses for three consecutive years and that we are budgeting for and forecasting a profit in 2014-15 and also his belief that we will enter the 2015-16 season with ‘no outstanding sanctions or restrictions’ owing to the new Financial regulations.

For the full report please Click Here and the link is at the bottom of the page.

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