Financial Fair Play: "I'm not worried at all" (Ferran Soriano, Manchester City)

"We are working to achieve financial balance this season," said Ferran Soriano, CEO of Manchester City (Premier League), at a conference in Dubai on 11/02/2014. On 29/01/2014, the "Citizens" announced a recorded net loss of £51.6m (€62.9m) in 2012-13.

Despite a cumulative net loss of €182.2m over the 2011-2013 period, €45m higher than allowed by UEFA (Union of European Football Associations) for the first reporting period of the Financial Fair Play, Soriano said he was confident in the ability of the club to meet the criteria of the FFP and participate in European competitions in 2014-15. "There are a lot of reliefs that can be taken for investment in youth football and old investments. I'm not worried at all," he said on 11/02/2014.

With a turnover of €330m in 2012-13 (+17.3%), Manchester City has the sixth highest turnover of all European clubs, behind Real Madrid (Liga BBVA, €518.9m), FC Barcelona (Liga BBVA, €482.6m), Bayern Munich (Bundesliga, €431.2m), Manchester United (Premier League, €423.8m) and Paris Saint-Germain (Ligue 1, €398.8m).

• Manchester City agreed to the…