(CNN) -- Manchester City, English football's biggest-spending club, posted a loss of £121 million ($191.5 million) in the financial year finishing on May 31, 2010.
The club's earnings of $197m were exceeded by their wages alone, which amounted to $210m.
The loss is the second highest in Premier League history, dwarfed only by the £141m lost by Chelsea in 2004-05, the end of the first full year following the takeover by the Russian billionaire Roman Abramovich.
City have spent more than $500m on players since the club was bought by Sheikh Mansour of Abu Dhabi in 2008.
CNN
