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Manchester City’s parent company has increased the amount of debt it has listed on Guernsey’s International Stock Exchange.
As a result, City Football Group now has $405m in unsecured loan notes due in 2028 on the Exchange.
The group is responsible for clubs around the globe, which as well as last season’s Premier League champions includes New York City FC, Melbourne City FC, Girona and Palermo.
Pictured: New York City FC play at Yankee Stadium.
The Group has not responded to a request for comment.
City’s finances have been in the spotlight after they were charged by the Premier League with numerous alleged breaches of financial fair play rules over a nine-year period from 2009 until 2018.
They have vigorously defended the charges brought under rules that are designed to ensure clubs largely spend what they earn.
City Football Group first listed $325m debt on the Exchange in September 2021.
When Express approached them about the latest listing for $80m earlier this week, we also posed questions about why their latest accounts were late.
They have since been submitted and are being processed by Companies House.
The International Stock Exchange (TISE) markets itself as one of Europe’s leading stock exchanges for international bond listings.
City Football Group is one among more than 4,000 listings on the market which include other big brands names including Netflix, Aston Martin, McLaren, Avis, Carnival, Merlin Entertainment and Odeon.
At the start of last year, TISE said it was aiming to grow primarily through developing its bond market internationally.
Other football clubs have also used the exchange.
In April 2021, Crystal Palace Football Club listed a £7.65m. bond on TISE to help fund the construction and development of a new training academy.
The Premier League team used a special purpose vehicle that has a maturity date of January 2040.
Pictured: The International Stock Exchange is based at Les Echelons, St. Peter Port.
TISE announced record-equaling turnover for 2022, with revenues of £10m, which matched 2021.
Post-tax profit declined 13.2%, but was still the second highest on record at £4.1m.
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