City Announces Loss Trillions of Rupiah
19 November 2011
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MANCHESTER - Manchester City today announced the financial statements 2010-11 season yesterday. Of the report note that the City lost 194.9 million pounds, or nearly Rp 2.8 trillion during 2010-11 and then.
When the City was able to reduce the amount of such losses to 40 million pounds in 2014 according to the regulation of the Financial Fair Play (FFP), the City threatened stricken from the Champions League.
"Along with our efforts to transform the commercial aspect of the club, we are also aware that the closer the application of regulation Financial Fair Play (FFP) then as a consequence, we will continue to seek dialogue with all relevant football authorities," said Chief Operating Manchester City, Graham Wallace, quoted from the official club website.
Losses which reached 195 million pounds is a record of the largest losses experienced by English clubs in one season. The previous record held by Chelsea when the loss of 141 million pounds in the 2004-05 season.
"Our losses, which actually correspond to our predictions as part of the acceleration of investment strategy, will not happen again with this magnitude in the future," continued Wallace.
In the 2010-11 season ago, the City, which is famous jor-rod in buying players, spend funds up to 143 million pounds to bring the player. This does not include the salaries of City players who suck up to 174 million pounds.
Not surprisingly, revenues of 153.2 million pounds, which is the largest revenue in the history of the club, seems to be meaningless.
Revenue was very helpful thanks to a contract of 350 million pounds with their main sponsor, Etihad Airlines' 10-year duration.
In the summer of 2010, Edin Dzeko be City's most expensive player with 27 million pounds, while David Silva, Yaya Toure, and Mario Balotelli each carried off with 24 million pounds. James Milner purchased by 18 million pounds, Aleksandar Kolarov 16 million pounds, and Jerome Boateng recruited last for 10 million pounds.
During the take over the City, Sheikh Mansour has poured funds of up to 800 million pounds, or Rp 11 trillion.
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