Published: Thu, September 13, 2018
Sport | By Cameron Gross

Man City break £500m income barrier

Man City break £500m income barrier

The Club enters its fourth consecutive year as a profitable business, posting a profit of £10 million.

During a year ago, in which the club registered a record £500.5m turnover and a profit of £10m as Pep Guardiola's team swept to the Premier League title, Mansour nevertheless invested a further £58m in return for new shares.

Manchester City Football Club has today released its Annual Report for 2017-18, announcing revenues of more than £500 million for the first time in City history, and the tenth successive year of improved financial performance.

In a statement setting out the main elements of City's 10-year transformation under the Abu Dhabi ownership - including Guardiola and his team, six clubs around the world, an extensive youth development system and investment in east Manchester - the chairman, Khaldoon al-Mubarak, highlighted the club's financial stability.

Pep Guardiola's side also became the first to achieve 100 points and score in excess of 100 goals.

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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.

"Our aim is obviously to build on the achievements of the previous year", chairman Khaldoon Al Mubarak said. "Consistent domestic success and further development in the Champions League will be our focus in 2018-19 and the seasons to come".

"We recognise that the sporting challenge continues", he said.

Silva frequently flew back to his native Spain last season as son Mateo, born 15 weeks prematurely, fought for his life, and the 32-year-old would like to be closer to his family when his career begins to wind down.

This month marked the 10th anniversary of Sheikh Mansour's takeover of City and Al Mubarak added: "Our journey is not complete and we have more targets to fulfil".

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