Manchester City announce halved loss

Last Updated: Saturday, December 15, 2012 - 12:49

London: English champions Manchester City revealed that its pre-tax financial losses for 2011-12 was 93.4 million pounds, down from 189.6m in 2010-11.

The club revealed Friday that its revenues increased 51 percent to 231.1 million pounds, with the club`s first appearance in the UEFA Champions League contributing more than 22 million in new revenue, reports Xinhua.

The club`s sponsorship deal with Etihad Airways helped commercial partnership revenue double from 48.5m to 97m.

City`s operating loss also improved from a record 194.9 million pounds to 104.1m.

IANS



First Published: Saturday, December 15, 2012 - 12:49

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