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Man City says it is not buying MLS club

Manchester City has rejected speculation it is in discussions to buy a new MLS franchise.

City, which Friday reported annual losses of 97.9 million pounds ($158.3 million) and increased turnover of 231.1 million ($373.6 million), was said to be on the brink of being awarded a franchise that would be based in the Queens borough of New York.

It had been suggested David Beckham had been approached to be part of the scheme, which was to be named New York City Football Club and cost City owner Sheikh Mansour 100 million pounds ($161.7 million).

However, Manchester City officials distanced themselves from the talk Saturday.

"Manchester City are not buying an MLS club," said City in a short statement.

Sheikh Mansour has used his involvement with City to raise the profile of Abu Dhabi.

It was suggested an involvement within the MLS would add to the work that has taken place turning City from a mid-ranking Premier League club into last season's champions.

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