Being an English Premier League title hold means a lot for Manchester City, and it perfectly explored all commercial possibilities of being a champion and managed to raise its commercial revenues to a respectable level. Last year, Manchester City reported a net loss of around £189.6m which is now reduced to £93.4m according to its latest issued financial figures. Its operational revenues surged by more than 51% to £231.1m making it one of the best performing clubs in English premier league on both financial and performance front. It was the first UEFA Champions League season where City participated and its involvement there helped it raised around £22m commercial revenues. Moreover, its sponsorship deal with Etihad Airways also enabled it raised its operational revenues from £48.5m in 2010-11 to £97m this year. City also somehow manages to restrict its loss making operations whereby it could reduce its operation losses from £194.9m to £104.1m this year. According to financial reports … [Read more...]
Mark Hughes Sacked after Humblest EPL Performance
Another coach faced the anger of his boss after worst performance in EPL. Now, QPR took this bold step and fired its manager Mark Hughes when he could not prove his gaming excellence on the field. No matter if he was just ten months old. This EPL season has been the worst for QPR, coz it could only find itself on bottom place after playing twelve matches, and according to QPR owner Tony Fernandes, Hughes could not prove what he was hired for. Though, openly, Fernandes never stated his lacking confidence over his manager, but his strategic mind could have found him guilty of QPR’s wrong doings. According to insiders, Harry Redknapp has now been roped in as his replacement with immediate effect though he will take official charge on Sunday only. Mark Hughes took over the top QPR position from Neil Warnock back in January 2012; his initial few matches were not so fruitful, but he then promised a better performance in the rest of the season. But, despite pouring tons of money in hiring top … [Read more...]