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Manchester City posts £126m loss for 2019-20, expects profit in 2020-21

Kevin De Bruyne of Manchester City (Photo by Matt McNulty - Manchester City/Manchester City FC via Getty Images)

English Premier League football club Manchester City posted a net loss of £126m (€147m/$174m) for the 2019-20 season but expects to return to profitability in 2020-21 as the financial impact of Covid-19 be…