Manchester City have posted losses of £126m – with the effects of the Covid-19 pandemic being felt at the Premier League leaders.
Officials say they are confident that the club will return to profitability next year and say their business ‘remains fundamentally strong’.
City were hit by a loss of revenue from Champions League, Premier League and FA Cup matches, which took place after the June 30 deadline thanks to the paused season.
Manchester City posted losses of £126m – with the effects of the Covid-19 pandemic being felt
They also sold Leroy Sane on July 1, which would have knocked around £50m from the losses.