- May 18, 2006
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http://www1.skysports.com/football/news/11679/7315176/City-announce-record-losses
Well this isn't really a surprise but if they can get around the financial fair play rules with a loss like that then what's the point in having the rules in first place?
Surely if the top clubs are immune to the regulations then this only serves to keep the lower league teams in their current places. I guess we knew this already but to see such a loss declared really brings it home that football is headed in the wrong direction.
Thank the lord that we have Sep Blatter in charge, if anyone can fix this then he can. :-|
EekPremier League leaders Manchester City have announced record losses of £194.9million for the 2010-11 financial year.
The huge sum, which is the highest-ever recorded in English football, demonstrates the level of the investment made by owner Sheikh Mansour.
Fortunately for the club, UEFA's new Financial Fair Play regulations fall outside the accounting window, meaning the losses will not count towards their participation in European competition.
Well this isn't really a surprise but if they can get around the financial fair play rules with a loss like that then what's the point in having the rules in first place?
Surely if the top clubs are immune to the regulations then this only serves to keep the lower league teams in their current places. I guess we knew this already but to see such a loss declared really brings it home that football is headed in the wrong direction.
Thank the lord that we have Sep Blatter in charge, if anyone can fix this then he can. :-|