Premier League leaders Manchester City have reported a loss of £126m for the 2019-20 season which was disrupted by the coronavirus pandemic.
The club posted an 11% reduction in revenue to £478.4m but the figure does not include delayed income from player sales - including proceeds from Leroy Sane's move to Bayern Munich.
City expect an immediate return to profit for the current season.
A total loss of less than £60m per year is forecast over the two campaigns.
For Financial Fair Play purposes, the financial results of football clubs for 2019-20 and 2020-21 are to be combined into one year.
Chairman Khaldoon Al Mubarak said the club is "fundamentally strong...
Read more »
PUK Baghdad Center commemorates martyrs of Red Falcon Organization
Kosrat Rasul: We decided to stop the enemy in Kore
PUK co-leaders continue to support health sector in Raparin Administration
A 36-year-old woman in France was stabbed to death and the country's police arrested her husband on charges of murder.
"On the morning of 31-3-2021, a man was arrested on cha...
The United Nations International Children's Emergency Fund (UNICEF) launched a campaign to bring students back to school, warning that education suffers from a global crisis due to the covid pandem...