Manchester City has reported an annual loss of £194.9m for 2010-11, the biggest in English football history.
But the operating loss does not include the club's huge sponsorship deal with Etihad Airlines, worth a reported £35m a year, or revenues from this season's Champions League campaign.
Uefa's Financial Fair Play rules, which come into full effect in 2013-14, say clubs must break even over three years.
Source BBC Business News
Such massive losses are unsustainable and if Man City's backers were to pull the plug the club could be in massive trouble. Man Utd, Chelsea and many other Premiership clubs would fall into this category.
In Scotland, Vladimir Romanov has put Heart of Midlothian up for sale with somewhere in the region of £30 million debt. Who will put up the cash to save Hearts?
Rangers are also in financial trouble with a reported £48 million tax bill hanging over the Ibrox club's head.
If both clubs were to go into Administration what does that say for Scottish football and the people running it? And if either of the major clubs in Scotland were to go to the wall, would the game be effectively up for Scottish football? If both Rangers and Hearts went bust I do feel that would be the beginning of the end of professional football in Scotland.
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