Man City make record revenue

15 Septembre, 2018, 03:58 | Auteur: Adelaide Bullion

English champions Manchester City posted record revenues of Sh66 billion (£500.5 million, $652 million) in a record-breaking 2017/18 campaign on the pitch as Pep Guardiola's men romped to the Premier League title amassing 100 points.

City reported a profit for the fourth successive year, with a figure of £10.4m, up on the 2016-17 figure of £1.088m, while the wage to revenue ratio stands at 52 percent.

The annual report said last season's runaway Premier League champions had enjoyed revenues of £500.5 million - a 44 per cent increase in five years.

Commercial deals are the biggest source of revenue, generating £232.3 million in the year to June 30. Sheikh Mansour, a member of Abu Dhabi's royal family and deputy prime minister of the United Arab Emirates, bought City 10 years ago.

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"Most of the developments visible today are the result of a carefully crafted strategy - one in which organic evolution has also been allowed to thrive", said Khaldoon Al Mubarak, the chairman of City Football Group, which administers the club under the ownership of Abu Dhabi United Group.

"I've always said that I would like to play for Las Palmas, but we'll see how things are in two years".

In January, Manchester City's 473.4m revenues for the previous season meant the club consolidated its fifth spot in Deloitte Football Money League. "There should be no doubt that we are looking forward to the challenges of the new season and those beyond it with equal commitment and determination to the ten seasons that came before".

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