Man City verdict after £120m+ blow: 'The biggest issue is PSR'

03/20/2025 03:30 AM

Man City have consistently recorded strong profits in recent years, making £73.8million in the 2023-24 season alone.

But the club's ownership, City Football Group (CFG), released its accounts for 2023-24 last week, showing losses reached £122.2million to take their cumulative losses to almost £1billion since the group was founded in 2013.

CFG, which is majority-owned by the Abu Dhabi United Group, control 12 clubs worldwide and have strategic partnerships with four other sides.

Man City have struggled on the pitch this season but spent heavily in the January transfer window to add Omar Marmoush, Abdukodir Khusanov, Vitor Reis and Nico Gonzalez to their squad.

Everton’s former chief Keith Wyness – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – has had his say on whether CFG’s heavy losses could impact spending at City going forward.

Speaking on the new edition of Football Insider's Inside Track podcast, Wyness insisted there will be no “concern” at City about the implications of CFG’s recent losses.

Pep Guardiola’s side face a battle to secure Champions League qualification this season and sit fifth in the Premier League with nine games of this season remaining.

Wyness insisted infrastructure projects, such as Man City’s stadium expansion and the construction of a new ground for New York City FC, will bear fruit for CFG in the future.

He told Football Insider's Inside Track podcast: "When you look into these losses, most of the clubs in the group are loss-making.

"There's big stadium redevelopment going on at City, there are plans to build a new stadium in New York.

"That's going to be costly.

"City were also involved in building the Co-op Live, which is the new arena in Manchester.

"That's three big projects which have a big cost at the start but will eventually become revenue-bearing assets going forward.

"Overall, it's a solid group. They've manipulated the clubs to become aligned, they're working closely together.

"There's a loss, but we'll see those losses come down as we go forward.

"I don't think it's affecting City at all. They'll see the losses from the other clubs, but they're producing players for the pathway.

"We've seen City be very successful in the transfer market, so as long as they are producing players who have value, they can let the issue go on.

"I don't think there's any concern about this affecting City's spending at all. The biggest thing that would affect City is PSR, and they're nowhere near that situation right now."

Clubs queue up to sign Man City star Grealish

Meanwhile, Football Insider has revealed (14 March) Man City star Jack Grealish will have a number of potential suitors this summer.

It is believed the out-of-favour 29-year-old will be in demand – despite his transfer valuation and wage package making a deal difficult financially.

Man City will accept an offer for fringe star Grealish in the upcoming transfer window if their reduced asking price is met.

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