City payout £351 million despite pandemic

          Man City’s accounts show record-breaking wage bill

          2021/04/07 18:56
          Connor Andrews

          Manchester City’s £351.4 million wage bill for the 2019/20 season is the highest in the history of English football, with the club today releasing their accounts for the year.

          The runaway Premier League leaders also announced a £126 million loss due to the Covid-19 pandemic, taking their all-time total up to £760 million, £5 million short of Chelsea’s record.

          The club remains in a healthy state, however, expecting to return to profitability next season as fans return, last year’s delayed Champions League income is recuperated, and they receive the final €50 million from Bayern Munich’s purchase of Leroy Sane.

          Sheikh Mansour has now spent an eye-watering £1.7 billion on player purchases since taking over the club in 2008, assembling the most expensive squad in football history, with their current outfit falling just short of the £1 billion mark.

          This is the first time City have made a loss since 2013, and the lack of profit could affect their standing when it comes to Financial Fair Play, but Uefa have indicated rules will be loosened this year as many clubs feel the effects of the pandemic.

          City saw the departure of one of their top earners last season in David Silva, and will now do the same with Sergio Aguero, meaning a rumoured £100 million-plus deal for Borussia Dortmund sensation Erling Haaland could still be on the cards.

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