Man City reveals record 194.9M loss

MANCHESTER CITY has reported an annual loss of 194.9m for 2010-11, the biggest in English football history.But the loss does not include the club's huge sponsorship deal with Etihad Airlines, worth a reported 3 5m a year, or revenues from this season's Champions League campaign.Uefa's Financial Fair Play rules, which come into full effect in 2013-14, say clubs must break even over three years.But the latest figures fall outside the accounting window for that.The scale of the losses reflect the investments made by City owner Sheikh Mansour of Abu Dhabi, who has spent more than 460m on players since taking over the club in 2008.Since then, City have been transformed into the current Premier League leaders.Brian Marwood, chief football operations officer at the club3 told the BBC: "We know that we still have an awful lot of work to do but I think it's exactly where we said we would be in terms of the initial investment."Over a period of time we are fully aware we nave to be compliant and there's a lot of work going on to make sure that's achieved."
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