London: Manchester City lost more than $85 million in a year, exceeding the amount allowed under UEFA's Financial Fair Play rules. The Abu Dhabi-owned club announced on Wednesday that it lost 149.5 million pounds ($248 million) between 2011 and 2013, the first FFP monitoring period.
UEFA is only allowing losses of up to 45 million euros ($62 million) in that two-year period. Clubs exceeding that amount risk being sanctioned, and could be banned from playing in Europe.
There isn't a single mention of FFP compliance in the annual report that was released on Wednesday.