Thursday, January 7, 2010

MANCHESTER CITY POSTS HUGE LOSS IN 2008/09.

Manchester city has posted huge loss for the year 2008/2009. Undere the new owners The Dubai company, and Sheikh Mansoor their owner.The amount was a huge 92.6 million pounds, or 148 million dollars. Here we must remember that in that year only Robhino was brought for 32.5 million pounds from Real Madrid. 2009/2010 saw manchester City buy Carlos Tevez, Shay Givens Gareth Barry, Kolou Toure , Emmanuel Adebayoor and Lescott.
Sheikh Mansoor has invested a total of 395million pounds and and converted loans of 305 million poundsas an equity. And also brought hares for 90 million pounds.
There were things to cheer as well, the turnout increased by 6%or 687 million pounds. And the average attendance rose marginally as well from 42,081 to 42,890. The club is playing in the Semifinal of the Carling cup and played in the U.E.F.A.last year.

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