Wednesday, 20 February, 2019

City's wages rise by £61.8m under Guardiola

Man City were knocked out of the Champions League by Liverpool last season Man City were knocked out of the Champions League by Liverpool last season
Cassandra Castillo | 13 September, 2018, 23:41

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.

However, surging television revenues, commercial sponsors and regular Champions League football mean that City now trail only local rivals Manchester United and European powerhouses Barcelona, Real Madrid and Bayern Munich for income, according to football finance specialists Deloitte.

The club reported a profit for the fourth successive season, this time of £10.4m and a wage-revenue ratio of 52%.

"Our aim is obviously to build on the achievements of the a year ago", Al Mubarak, City's chairman since the club was bought by the Abu Dhabi United Group in 2008, said in a statement.

More news: Hurricane Florence's uncertain track puts more than 10 million people at risk

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

Reflecting that making a profit four years in a row "may well have been rejected as fanciful by some commentators" years ago, Mubarak said: "We have not diverted in any way from our strategy for on-field success within a commercially and financially sustainable organisation". He looks to the future saying, "We recognise that the sporting challenge continues". At the end of the 2015-16 season, just before... At the time, it made them the 20th highest revenue earner in the world and seventh in the Premier League behind United, Chelsea, Arsenal, Liverpool, Tottenham and Newcastle.

Sheikh Mansour bin Zayed al-Nahyan of the Abu Dhabi ruling family has spent more than £1.3bn directly investing into Manchester City since he took over in 2008, the club's latest accounts have stated.

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