Friday, 21 September, 2018

Manchester City break through £500 million revenue barrier

Khaldoon Al Mubarak and Pep Guardiola pose with the Premier League trophy Khaldoon Al Mubarak and Pep Guardiola pose with the Premier League trophy
Cassandra Castillo | 14 September, 2018, 14:26

The latest results mark the Abu Dhabi-owned club's fourth consecutive year of profitability.

The Premier League champions had been the fifth-highest revenue earner in the world last season at £473.4 million, and figures released on Thursday showed that had been increased to £500.5 million.

Sponsorship deals with Tinder, Gatorade and Marathonbet have boosted revenues, which have increased by an impressive 44 per cent over the past five years.

In terms of worldwide acclaim the list of Manchester City greats isn't overly extensive, yet David Silva easily fits into that category, and the Spaniard has admitted that it was his parents' divorce that made clear to him it was time to leave Spain for England back in 2010.

More news: I'll finish where I started - Guardiola wants return to Barca B

Chief executive Ferran Soriano said he was "proud of our performances and of the trophies won", adding that the 2017-2018 season in which the team was crowned EPL champions was a "remarkable campaign".

"Our aim is obviously to build on the achievements of the previous year", chairman Khaldoon Al Mubarak said.

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". As evidence of Mansour's support, the report states that it has amounted to "more than £1.3bn over the last 10 years".

"I've always said that I would like to play for Las Palmas, but we'll see how things are in two years". "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". Cross-town rivals Manchester United posted €676m (Dh2.9 billion) in revenues, taking top slot.

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