City received £2.209bn in owner funding during the first decade after the Abu Dhabi takeover, according to analysis of the independent commission’s findings.
The figure has been calculated by The Athletic’s Chris Weatherspoon and includes £921.4m which the commission found had not been properly reported. City have appealed against the commission’s findings and maintain that they are wrong.
Man City owner funding calculated at £2.209bn
The Athletic’s analysis adds the £921.4m to City’s reported shareholder funding, along with further equity provided in 2017-18, to reach a total of £2.209bn.
It compared City’s funding with other Premier League clubs and found Chelsea were next with £367m, around one-sixth of the City figure. The analysis also examined City’s wages-to-revenue ratio during the period covered by the commission’s findings.
After removing sums which the commission deemed to have been disguised owner funding, Weatherspoon calculated that City’s wages-to-revenue ratio would have been the highest in the Premier League in each of the nine seasons in which the club was found to have falsely accounted for revenue.
That calculation is based on The Athletic’s analysis of the commission’s findings and was not itself a separate finding by the commission. The figures come after separate analysis found City spent £1.388bn on players during the nine-year period covered by the commission’s findings.
City lodged their appeal on 1 October and no sanction has yet been imposed. A separate process will determine any punishment. Our Man City appeal explainer covers the appeal timetable, how the Appeal Board works and what happens next.
Comments.
Loading comments…