Saturday, November 19, 2011

MANCHESTER CITY LOSS IS 194..9MILLION POUNDS..

Manchester City made a record loss for a club in England of 194.9 million pounds a day, or half a million pounds a day.This breaks the previous record of Chelsea , who had a loss of 141. million pounds in 2004.But this does not count the 77 million pounds spent on Sergio Aguero and Samir Nasri. But they claim it will be better with Champion League and sponsorship money of 40 million pounds by Etihad Airways.But Manchester City face a uphill task When the Financial fair Play comes into force in 2012. We can even see City excluded from the Champion League in 2014.
City wages went up 31 percent. They made a record sale of ticket sale, but the wages wiped it all out.
All clubs will be allowed 40 million pound loss in the next years till 2014.Then what happens.
They could face a fine, loose prize money, face a transfer embargo or be expelled from the champion league or Europa League. This year they will face a big fine.

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