LONDON: Manchester City cut their financial losses en route to the Premier League title last season, leaving the English champions to believe they will not fall foul of UEFA’s Financial Fair Play regulations again. City’s annual report published on Wednesday revealed a loss of $36.1 million (Dh1,32 billion) in 2013-14, substantially down on the deficit of the previous year even though the figures include the paying off of the FFP punishment imposed by UEFA, a penalty the club disputes. The report also announced turnover had broken the $471 million (Dh17.3 billion) barrier for the first time since owner Shaikh Mansour Bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister for Presidential Affairs acquired City in 2008.