April 8 – City Football Group (CFG) have revealed a £112 million loss for the year 2023, despite prize asset Manchester City raking in record-breaking in their treble winning season.
Despite the damning figure, CFG reported an improved sum from last year’s £137 million loss.
CFG, a holding company controlled by Sheikh Mansour’s Newton Investment and Development LLC in Abu Dhabi, has an ownership network that spans 13 football clubs worldwide.