Manchester City cut losses but risk UEFA action


LONDON (Reuters) - England's Manchester City halved their annual loss to 51.6 million pounds ($85.6 million) last season but appear at risk of breaching new UEFA rules regulating football club finances.

Premier League City, owned by Abu Dhabi's Sheikh Mansour, have now lost almost 150 million pounds over the past two years as they spent heavily on building a team to compete with Europe's top clubs.

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