Manchester City confident of breaking even next year

Manchester City claim that they are on course to breaking even as early as next year.

Manchester City have said that they are confident of breaking even next year and will be able to comply with UEFA's Financial Fair Play rules.

The Premier League club have halved their losses for the second year in a row, recording a deficit of £51.6m for last season.

City also registered an annual turnover of £271m for 2012-13, an increase of £40m from the previous campaign.

"Growing revenues and controlled expenses are bringing the club to break-even in the immediate future and profitability thereafter," PA quotes the club's chief executive Ferran Soriano as saying.

City chairman Khaldoon Al Mubarak has also made optimistic remarks about the club's future.

"We have every reason to be optimistic," he wrote in the club's annual report. "The core group of players we have assembled in recent years has shown that it has what it takes to prevail in the most challenging of circumstances.

"With the arrival of Manuel Pellegrini and the further strengthening of our squad, Manchester City has entered the 2013-14 season with a renewed sense of confidence for the future. The club has made no secret of the fact that winning championships is at the heart of its strategy.

"However, we are also seeking to create teams that play creative, entertaining football, and at the same time to continue to build a socially responsible and commercially successful off-field operation to harness the opportunities generated by our on-pitch performance."

City are currently a point clear at the top of the Premier League.

Malaga coach Manuel Pellegrini gestures during his side's Champions League match against Borussia Dortmund on April 3, 2013
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TeamPWDLFAGDPTS
1Manchester CityMan City23202167175062
2Manchester UnitedMan Utd24156348163251
3Chelsea24155445162950
4Liverpool23138254282647
5Tottenham HotspurSpurs23135546212544
6Arsenal24117641301140
7Burnley249871920-135
8Leicester CityLeicester248883432232
9Everton2477102538-1328
10Watford2476113342-927
11West Ham UnitedWest Ham2468102941-1226
12Crystal Palace2468102133-1226
13Bournemouth2467112435-1125
14Huddersfield TownHuddersfield2467111939-2025
15Newcastle UnitedNewcastle2365122131-1023
16Brighton & Hove AlbionBrighton2458111733-1623
17Southampton2349102334-1121
18Stoke CityStoke2456132350-2721
19West Bromwich AlbionWest Brom24311101830-1220
20Swansea CitySwansea2345141435-2117
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