Man City owners to ‘burn cash’ despite £292m loss; Stefan Borson breaks down CFG strategy

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(Credit: Imago) Man City owners to ‘burn cash’ despite £292m loss; Stefan Borson breaks down CFG infrastructure strategy Wed 18 March 2026 10:05, UK Manchester City’s ownership group will continue to “burn cash” after investing in multiple infrastructure projects. That is according to former Man City financial adviser Stefan Borson, who exclusively told Football Insider it comes as no surprise the City Football Group (CFG) continues to be loss-making.

Meanwhile, the group’s pre-tax losses increased from £122.2m to £292.3m across the same period, raising questions around how that could impact Man City’s financial situation. 💰 Man City Finance Update 💰 Inside the transfer budget, CFG investment, 115 charges updates, and the latest North Stand expansion news. CFG Financial Metric 2023-24 (Actual) 2024-25 (Latest) Variance Total Group Revenue £933m £888m – £45m Pre-Tax Loss £122.2m £292.3m + £170.1m Majority Shareholder Newton Investment Sheikh Mansour (80%+) Stake Increase Source: City Football Group Limited Filing History (Companies House)Speaking exclusively to Football Insider, Borson discussed the reasons behind CFG’s losses.

Credit: Getty Images“Despite it obviously being an incredibly mature industry, we’re certainly nowhere near the situation where clubs are profitable and all of the clubs that City have bought in any event are in growth phases to try and build their presence in the way that Manchester City have done over the last 15 years, 20 years of ownership, so it’s no surprise that they’re all loss-making.” Why Man City’s owners will continue investing in projectsBorson revealed Man City’s owners will continue investing in projects despite the losses. “It’s no surprise that they’re investing in all sorts of areas within each of those individual clubs,” said Borson.