Manchester City announce halved loss
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.
More from India
More from World
More from Sports
More from Entertaiment
- Indian Army conducts surgical strikes across LoC: Watch DGMO Lt Gen Ranbir Singh's PC
- Indian Army targets terror camps across LoC; Pak PM Sharif condemns
- Indian Army surgical strike: Pak rejects claim, says 2 soldiers killed
- 7 terror camps destroyed by Indian Army in surgical strikes
- Indian Army avenges Uri with surgical strikes across LoC, heavy casualties
- SETBACK! Sedition case against 200 Congress workers for shouting 'Pakistan Zindabad' slogans during rally for Uri martyrs
- What is surgical strike and how it is conducted - MUST KNOW for every Indian
- SALUTE! Brave Indian army commandos give befitting reply to Pak-sponsored terrorists
- US NSA Susan Rice calls Ajit Doval, says 'expect Pakistan to take action against terror’
- Did Arvind Kejriwal tweet in favour of Pakistan over Uri attacks? Here is what Twitter says