Man City reports loss after losing grip on Premier League trophy

Manchester City FC has reported a loss of £9.9 million ($13 million) for 2024-25, which the Abu Dhabi-backed club has blamed on its third-place finish in the English Premier League and early exit from the Uefa Champions League.

The club had recorded a profit in nine of the past 10 years, but swung into the red after a 113 percent decline in earnings in the year to June 30, 2025. Revenue reached £694 million, which was the third-highest in the club’s history although down £21 million on the previous year.

The 2024-25 season was the first in eight years that City finished without a trophy and followed four Premier League titles in succession.

“There is no doubt that last season’s football results were less than we had hoped for,” said chairman Khaldoon Al Mubarak, adding that “seasons like this are an inevitable part of the game”.

Profit on player transfers reached £95 million, but this represented a drop from the £139 million recouped in the previous year.

City also spent heavily in the summer, recruiting seven players for more than £176 million, including Tijjani Reijnders from AC Milan for £46 million and Lyon’s Rayan Cherki for £34 million.

Sheikh Mansour bin Zayed Al Nahyan, vice-president and deputy prime minister of the UAE, bought Manchester City for £210 million in 2008.

The club is awaiting the results of an investigation by the Premier League into allegations that it broke more than 100 of the league’s financial rules between 2009 and 2018.

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