Wednesday, November 08, 2017

Man City announce record £473.4m revenues Published Nove




Premier League leaders Manchester City announced record revenues of £ 473. 4 million ( $619. 9 million, 534. 5 million euros ) for the past financial year on Wednesday .

The figures published in City ’ s annual report for 2016-17 mark an increase of 21 percent on the previous year’ s revenues and represent the third successive year the club ’ s revenues have grown.

City are flying on the pitch as well at the moment, with Pep Guardiola ’ s free -scoring side eight points clear at the Premier League summit and into the Champions League last 16 .

“ This report is about making sure our fans and our partners can see the true detailed status of every aspect of the club , ” said City chairman Khaldoon Al Mubarak in a press release.
“ What hopefully comes across is that the football organisation and off -field business have the right symmetry and balance to allow us to continue to further strengthen and grow . ”

City , who were purchased by Sheikh Mansour of Abu Dhabi in 2008, remain debt-free .
During Sheikh Mansour’ s tenure , they have won two Premier League titles , two League Cups and the FA Cup.

The club had never previously recorded revenues above £ 400 million and Al Mubarak said revenue growth was moving “ towards the £ 500 million mark”.

Guardiola failed to win a trophy in his first season as City manager , but chief executive Ferran Soriano said the club’ s objectives were in line with the manager ’ s.

“ We are committed to playing beautiful football and to win , ” he said . “ Both elements are compatible and the second is a consequence of the first. ”

Al Mubarak said the nine trophies won by City ’ s youth teams showed youth development was “ a central pillar for the club ’ s long -term sustainability ”.

He also paid tribute to City’ s women’ s team for winning a treble of domestic trophies , calling it an “ outstanding achievement”.

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