Manchester City’s Owners Face £120M Blow Amid CFG Losses
Manchester City's owners, the City Football Group (CFG), have been hit with a £120 million blow, according to Stefan Borson, a former financial advisor to the club. This financial setback comes amidst ongoing challenges for CFG, which has reported further losses despite Manchester City's profitability. The news has sparked discussions about the financial stability and future investments of the group, which owns multiple football clubs globally.
The financial strain on CFG is particularly notable given Manchester City's success on the pitch. The club's profitability stands in stark contrast to the group's overall financial health, raising questions about the sustainability of CFG's expansive model. Borson's claim has added fuel to the debate over the financial strategies employed by CFG and how they might impact the group's portfolio of clubs.
As CFG navigates these financial waters, fans and analysts alike will be watching closely to see how the group manages its resources and whether this setback will affect future operations and investments in its clubs.
Detailed City Football Group reports pre-tax loss
Manchester City owners City Football Group see cumulative losses reach almost £1bn
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