The loss on that huge scale, bankrolled by the club's oil-rich owner, Sheikh Mansour bin Zayed al-Nahyan during the third year since he bought City in 2008, eclipses the previous biggest loss ever made, £141m by Chelsea in 2005, the second year of their ownership by the oil oligarch Roman Abramovich. Available for everyone, funded by readers. "These financial results represent the bottoming out of financial losses at Manchester City before the club is able to move towards a more sustainable position in all aspects of its operations in the years ahead. Fri 18 Nov 2011 09.01 EST. The Financial Fair Play Rules are coming. Bayern were sluggish after the winter break and were made to pay but it didn’t stop them winning the title. The club's chairman, Khaldoon al-Mubarak, a senior adviser to Mansour's al-Nahyan ruling family and the Abu Dhabi government, also implicitly acknowledged City's need not to depend on such huge subsidy from Mansour in coming years: "Now that we are witnessing progress, both on and off the pitch, it is more important than ever to work towards achieving our ambition to establish Manchester City as a more successful, sustainable and internationally competitive football club, which remains rooted in the heart of the community it serves," al-Mubarak said. Man City’s credentials as challengers to Premier League champions Liverpool took a dent on Sunday as Pep Guardiola suffered one of the worst defeats of his managerial career. Man City’s credentials as challengers to Premier League champions Liverpool took a dent on Sunday as Pep Guardiola suffered one of the worst defeats of his managerial career. 15. While some clubs, most prominently Arsenal, complain that City's owner-spending is hyper-inflating wages and distorting football, City point out that they have broken no rules – so far at least – and in fact should be credited for investing fortunes in England, and in economically blighted east Manchester, at a time of economic meltdown here and in Europe. All rights reserved. When I first saw the headline that Manchester City was reporting a calendar year loss of £194.9 million ($307.7 million) I thought that I must have read it incorrectly.
"Our losses, which we predicted as part of our accelerated investment strategy, will not be repeated on this scale in the future," Wallace promised. It was a competition that eluded the Spaniard in Germany and this was the closest he came. Liverpool dropped just 15 points last season on their way to the title and City will need to bounce back quickly from the disappointing loss. Manchester City have announced the biggest loss in English football history, £197m for the most recent financial year. It was one of the worst defeats Guardiola has suffered in his managerial career and the first time one of his teams had conceded five goals. Here at talkSPORT.com, we’ve taken a look at those losses the Spaniard would probably want to forget. While seeing the need to comply with the rules, privately City are bullish too. Manchester City made the biggest loss of the Premier League clubs in the 2011/12 season - but still dramatically improved their financial performance. View the latest comprehensive Manchester City FC match stats, along with a season by season archive, on the official website of the Premier League. Fri 18 Nov 2011 14.01 GMT Two 4-0 defeats in the same season was almost unheard of for Guardiola but he sorted that out as they went on to win back-to-back titles in 2017/18 and 2018/19. So far Mansour has seen a return on his investment on the pitch. Uefa will analyse top clubs' accounts for the three years before that, starting with the current 2011-12 financial year, and the rules allow clubs to lose just €45m (£38.5m) in total over those three years. All the money has gone in as equity, in new shares, making it permanent, not as loans. They hope to show Uefa a "trend" towards breaking even by 2014-15 even if the losses have not been sufficiently staunched. While other teams have been unable, or unwilling, to compete with Man City's spending, time will tell if the Sheik's costly investments are worth it. Manchester United‘s heaviest home defeats in 56 years. City's loss was made principally by buying players to make Roberto Mancini's squad strong enough to top the Premier League, and paying wages of £174m, £21m higher than the club's entire turnover. Manchester United biggest defeat? The Blues made revenue of … City picked up its first trophy in 35 years with their 2011 FA Cup victory and their third place finish in the Premier League has put them in the Champions League for the first time in team history. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Youngest Player: Glyn Pardoe, 15 years, 314 days (against Birmingham City, First Division, 11 April 1962) Oldest Player: Billy Meredith, 49 years, 245 days (against Newcastle United, FA Cup semi-final, 29 March 1924) All-time appearances. Will it prove to have been a wise investment—or just another instance of a rich benefactor that treats owning a professional sports franchise as a hobby.
Guardiola was used to inflicting this kind of scoreline while he was Barcelona manager and had an unhappy return to the Nou Camp.
Romelu Lukaku, Kevin Mirallas, Tom Davies and Ademola Lookman were all on the scoresheet in this league defeat. Record defeat – 1–8 v. Wolverhampton Wanderers, First Division, 26 September 1953; Record League defeat – 1–8 v. Wolverhampton Wanderers, First Division, 26 September 1953; Manchester United worst defeats. Added to the £500m Mansour invested up to May 31 2010, he has now spent an unprecedented £800m on the football club, to bankroll the expenditure on transfer fees and wages the club would otherwise not have been able to afford.
The Sheikh's plans are for City to be a regular participant in Europe's most lucrative club competition. James Maddison and Youri Tielemans were also on the scoresheet in this drubbing at the Etihad. City should win trophies in the immediate future, but it won't be for a few years until we get to see if it pays off long term. City finished well off the pace in the Premier League as Chelsea romped to the title. "That is an increase of £74m on last year and £54m more than the previous record, the £141m loss recorded by Chelsea in 2005," states the Daily Mail. Real were already leading 1-0 from the first leg and then doubles by Sergio Ramos and Cristiano Ronaldo saw Bayern unceremoniously dumped out of the Champions League. It’s a managerial career which has seen him take charge of 686 matches in England, Germany, and Spain, which will be chastening. This was the first time Guardiola has ever conceded five goals in his managerial career.
The net loss City made on their operations, £160.5m, was increased by £34.4m writing off the value of several players signed previously, including the Brazilian striker, Jô. City owner Sheikh Mansour has bankrolled a massive spending spree over the past few seasons as he attempts to turn the franchise into one Europe's elite.
First published on Fri 18 Nov 2011 14.01 GMT. A huge revenue stream is guaranteed from City's 10-year stadium naming rights deal with Etihad Airways. The noisy neighbours were unstoppable on … Bas Dost and Kevin De Bruyne both scored twice in this win for Wolfsburg against Bayern in what was Guardiola’s worst defeat in the league while in Germany.
Jamie Vardy continued his excellent record against the top six with a hat-trick in what was the first time a player has visited a Guardiola team and hit a treble. Ally McCoist's latest rant against 'shambolic' new handball rule - It's making a mockery of football! Manchester City have announced the biggest loss in English football history, £197m for the most recent financial year. Graham Wallace, the club's chief operating office, said the 2010-11 financial year, in which those signings of top players added to the mountainous wage bill already accumulated, will be City's worst. Lionel Messi scored a hat-trick with Neymar netting a late fourth to pile on the misery. Mansour made it clear when he took over that he would spend the fortunes necessary to make City successful, and since June 2010 he has personally poured a further £291m into the club.