City Football Group: a turnover of £631.4m (+8%) and net loss of £83.8m in 2018-19

City Football Group (CFG), a holding company investing in football assets (professional clubs, infrastructure, innovation) posted a turnover of £631.4m (€704.2m on 30/06/2019) for the financial year 2019, from 01/07/2018 to 30/06/2019.

Nearly 85% of these revenues (£535.2m/€597m) came from the activities of Manchester City FC (Premier League, see below), which is 100% owned by CFG. New York City FC (MLS, 80% owned by CFG) and Melbourne City FC (Hyundai A-League, 100% owned by CFG) generated revenues of £36.9m (€41.2m) and £8.7m (€9.7m) respectively.

City Football Group posted a net loss of £83.8m (€93.5m), compared to a deficit of £44.8m (€50.6m) in 2017-18, a negative result "as the newly formed service companies (investment within the various franchises) and New York City FC continue to build their businesses", but "offset by the profitability of Manchester City FC and Girona FC (then in LaLiga Santander and 47.01% owned by CFG)," said the holding company in its Annual Report and Financial Statements for 2019 (see attached document), published on 07/04/2020.

"City Football Group's…