Manchester City have rejected speculation they are in discussions to buy a new MLS franchise.

City, who on Friday reported annual losses of £97.9million and increased turnover of £231.1million, were said to be on the brink of being awarded a franchise that would be based in the Queens district 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 Blues owner Sheikh Mansour £100million. However, the club said in a statement on Saturday : "Manchester City are not buying an MLS club."

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