2019/20 season: Man City blame coronavirus for £126m loss - Punch Newspapers

Premier League leaders Manchester City blamed a £126 million net loss last season on a series of factors caused by the coronavirus pandemic.

City’s revenue for the year to the end of June 2020 fell 11 per cent to £478.4 million, with the Premier League and Champions League finishing after the accounting period. Delayed income from the postponed fixtures, including broadcast earnings, and player sales will show up in next year’s figures.“Clearly, the 2019/20 accounts in isolation are not the best representation of the reality of the season with delayed player trading and numerous games being played after 30th June 2020, the revenues from which will be accounted in the 2020/21 period,” said City CEO Ferran Soriano.

“A better financial picture of the Covid years will be provided at the end of the 2020/21 season, when the two seasons are combined and normalised.” Despite playing an entire season behind closed doors, City said the “club expects to immediately return to profitability in 2020/21, as a result of a less Covid-impacted season and deferred 2019/20 revenues”.

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