City's books are open - Marwood

Brian Marwood, Manchester City's chief football operations officer, says the club's books are "open" for scrutiny, and their record £194.9m loss is all part of the club's "strategic vision" for the future.

City are currently top of the Premier League, but have spent more than £460m on players since Sheikh Mansour of Abu Dhabi took over the club in 2008.

All clubs must comply with Uefa's new financial fair play rules else they may face sanctions, and Marwood states Uefa "fully understand" City's position.

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