Manchester City has reported an record loss of £194.9 million for 2010-11, the biggest in English football history.
The previous biggest Premier League loss was £141 million reported by Chelsea in 2005 - when they went on to win the league.
The BBC reports the scale of City's losses reflect investments made by owner Sheikh Mansour of Abu Dhabi, who has spent more than £460 million on players since taking over the club in 2008.
Since then, City have been transformed into the current Premier League leaders.
It is the second consecutive year that City has made big losses. It reported an operating loss of £126 million in 2009-10.
Turnover was £153.2 million, up from £125.1 million in 2009-10. This was driven by a 49% jump in commercial partnership revenue to £48.5 million.
Income from television rights rose by 27.4% to £68.8 million. Match day ticket sales were up 8.2% to £19.7 million.
But wage costs continue to exceed turnover, rising from £133 million in 2009-10 to £174 million in 2010-11.
