Man City post £126m loss in 2019-20 annual report

By Sports Desk April 06, 2021

Manchester City have announced losses of £126million in their 2019-20 financial results as the Premier League leaders count the cost of the coronavirus pandemic.

Overall, City's revenues were down 11 per cent to £478.4million from the previous 12 months.

The year in question runs up until June 30, 2020, taking in the period when the Premier League was suspended due to the COVID-19 crisis and meaning deferred revenues for the 2019-20 campaign have impacted the figures.

Nevertheless, City's matchday revenue was down by £13.5million, UEFA broadcast revenue fell by £18.5m and all other television money dropped by £44.5m, although money raised from commercial streams was up by £19.5m.

Leroy Sane's move to Bayern Munich for an initial £44.7m is not included, and the report also points to "some planned player sales deferred until the following season", which could be a reference to Angelino – the full-back who re-joined RB Leipzig on loan before the Bundesliga club triggered a £16million obligation-to-buy clause this February.

"Clearly, the 2019-20 accounts in isolation are not the best representation of the reality of the season with delayed player trading and numerous games being played after June 30 2020, the revenues from which will be accounted in the 2020-21 period," said City chief executive Ferran Soriano.

"A better financial picture of the COVID years will be provided at the end of the 2020-21 season, when the two seasons are combined and normalised."

Last July, City had a two-season ban from UEFA competitions overturned by the Court of Arbitration for Sport, with a €30million fine for contravening Financial Fair Play (FFP) rules reduced to €10m.

In the report, the club said: "For full context, the 2019-20 results should be viewed alongside the 2020-21 results. This has been recognised by UEFA and exceptional changes to their licensing and regulatory approach will assess the combined results of both seasons.

"The directors remain confident that the club’s results for the two-year period will fall within UEFA’s Financial Fair Play requirements."

City continue to be linked with big-money moves, such as one for Borussia Dortmund striker Erling Haaland, and chairman Khaldoon Al Mubarak says he remains confident in the club's overall financial strength despite the reported losses.

"Like most organisations, we did not have a business strategy for a global pandemic. What we had, and still have, is a business that is fundamentally strong, with committed shareholders and with significant assets, built carefully over a decade and upon more than a century of history," the City chairman said.

"Over time, our income streams have been deliberately shifted and diversified – our fan base and audiences are global as well as local, our physical and digital infrastructure strategies are mature, and our commercial partnerships are diverse in terms of regions, industries and structures.

"Our long-term approach has meant that we are now not wholly dependent on those income streams that have been most vulnerable to the ongoing impact of COVID-19."

City are closing in on a third Premier League title in four seasons. They faced a clash against Dortmund in the first leg of their Champions League quarter-final at the Etihad Stadium on Tuesday.

Related items

  • Barca still optimistic in LaLiga title pursuit despite Clasico defeat, says Koeman Barca still optimistic in LaLiga title pursuit despite Clasico defeat, says Koeman

    Ronald Koeman insisted Barcelona remain upbeat and optimistic in their pursuit of the LaLiga title, despite suffering Clasico pain at the hands of Real Madrid.

    Barca left the Spanish capital emptyhanded after Karim Benzema and Toni Kroos guided defending champions Madrid to a 2-1 win on Saturday.

    Oscar Mingueza set up a dramatic final half-hour with his second goal of the season for Barca, while Madrid midfielder Casemiro was sent off in the 90th minute.

    But Madrid held on at a sodden Alfredo Di Stefano Stadium to seal a third consecutive win against Barca in all competitions for the first time since 1978 as they provisionally moved top of the table, with Atletico Madrid in action on Sunday.

    Barca are third and a point off the pace, though they could fall four points adrift if Atletico beat Real Betis.

    "Of course we're still upbeat and optimistic because we've produced a serious performance," Barca head coach Koeman told reporters. "We are fighting.

    "We lost a match against a team who are fighting to win the league but there are nine matches and all the matches are important for the three best teams.

    "It's difficult for all three of us. We will come back, we will fight until the last match."

    Barca attempted 12 shots in total in the second half, three of those on target, and nearly snatched a point when Ilaix Moriba struck the crossbar in the 94th minute.

    But, Koeman became the first Barcelona coach to lose his first two LaLiga games against Madrid since Joaquim Rife in 1980 (also the first two).

    Koeman could not hide his frustration post-match, having felt his side should have had a penalty when substitute Martin Braithwaite went down in the box under pressure from Ferland Mendy.

    The former Netherlands boss said: "I'm not the only person who's upset about the decision, or lack of decision.

    "The players feel disappointed because of this decision by the referee to not give the penalty and there's players who have been playing for years for Barcelona, so I know. But once again not all decisions were right.

    "You should ask the players but I would like to include myself. We know that we've played a good match football wise, the first part, the first half, ok, we were not up to our standards. Real Madrid defended very well in the first half.

    "There's no [league] match next week and the title [Copa del Rey final against Athletic Bilbao] is at stake. We have a week to prepare for a difficult match so we'll carry on and we are strong."

    Lionel Messi, meanwhile, failed to score in seven consecutive Clasicos in all competitions for the first time in his career.

  • Barcelona hopeful Lionel Messi hasn't played his last Clasico after Madrid loss Barcelona hopeful Lionel Messi hasn't played his last Clasico after Madrid loss

    Barcelona are hopeful superstar captain Lionel Messi has not played his last El Clasico for the LaLiga giants, said director Guillermo Amor.

    Messi is out of contract at the end of the season and his future with Barca is far from certain amid strong links to Paris Saint-Germain and Manchester City.

    New Barca president Joan Laporta remains determined to re-sign Messi, who has spent his entire senior career at Camp Nou.

    Amor was asked about Messi's future after Barca lost Saturday's Clasico 2-1 at Real Madrid.

    "We hope not," Amor told reporters following the match when asked if it was Messi's final Clasico showdown.

    "We hope he decides to stay at Barcelona and plays many more Clasicos with Barcelona." 

    Messi had seven attempts on goal against Madrid, including when he hit the post with an audacious effort directly from a corner towards the end of the first half.

    No Barcelona player had more shots, but Messi could not find a way through in what could potentially be his final tangle with Madrid in this famous fixture.

    The six-time Ballon d'Or winner has now gone seven Clasicos in all competitions without scoring – the longest drought of his career against Los Blancos.

    Barca missed the chance to move top of the league standings on Saturday – Ronald Koeman's men left in third position and a point adrift of Madrid and Atletico Madrid.

  • Messi misery as Madrid toast brilliant Benzema – An Opta look at El Clasico Messi misery as Madrid toast brilliant Benzema – An Opta look at El Clasico

    Real Madrid prevailed 2-1 over Barcelona in a rain-soaked and chaotic Clasico in the Spanish capital.

    Saturday's showdown proved a contrasting story for the two star forwards on display as Zinedine Zidane's men replaced city rivals Atletico Madrid at the top of LaLiga.

    There were also a couple of moments of history before a red card in a frantic finale.

    Here, we look at some of the standout statistics to emerge from the latest chapter in the eternal rivalry.

     

    Seven not heaven for Messi

    Lionel Messi had seven attempts on goal, including when he hit the post with an audacious effort directly from a corner towards the end of the first half.

    No Barcelona player had more shots, but Messi could not find a way through in what could potentially be his final tangle with Madrid in this famous fixture.

    The six-time Ballon d'Or winner has now gone seven Clasicos in all competitions without scoring – the longest drought of his career against Los Blancos.

    Simply the Benz

    At the head of Madrid's attack, Karim Benzema simply cannot stop scoring, irrespective of the opponents.

    His sensational backheel flick to convert Lucas Vazquez's 13th-minute cross was a finish that is sure to be cherished for years to come.

    Benzema has now scored in his past seven LaLiga games, netting nine times overall during this period.

    The Frenchman is the fourth Madrid player in the 21st century to have scored in seven consecutive top-flight outings after Ruud van Nistelrooy, Cristiano Ronaldo and Gareth Bale.

    Kroos ends dead ball torpor

    From Ronaldo to David Beckham, Madrid have rarely been shy of free-kick specialists.

    It comes as a surprise, therefore, that Toni Kroos' strike on Saturday made him the first player in white to score a direct free-kick in El Clasico this century.

    Sure, it deflected off Sergino Dest and bounced off Jordi Alba's head on the goal line, but they all count. Right, Toni?

    Mignueza opens his account

    Oscar Mingueza endured a torrid first half as Vinicius Junior ran him ragged, but the Barcelona defender bounced back after the break.

    Mingueza appeared in the Madrid penalty area to convert when substitute Antoine Griezmann dummied Alba's cross.

    The previous Barca defender to score on his first appearance in El Clasico was Marc Bartra in the 2014 Copa de Rey final.

    Ref on Casemiro's case

    Mingueza was also involved in another key moment, when Casemiro fouled him outside the Madrid box in the final minute of normal time.

    That earned the combative Brazilian his second booking and only the second sending off of his Madrid career.

    During this time, Casemiro has committed 478 fouls in all competitions. All in all, not a bad ratio.

© 2020 SportsMaxTV All Rights Reserved.