Manchester City break £500m revenue barrier in Premier League-winning season

[Blackfire]

             

 

• Manchester City chairman Khaldoon Al Mubarak says the club's journey "is not complete" despite reporting revenues in excess of £500m last season.
• City's annual report, to 30 June 2018, confirms they are the second English club to break the £500m barrier.
• The club reported a profit for the fourth successive season, this time of £10.4m and a wage-revenue ratio of 52%.
• The healthy financial report comes four months after City won the Premier League by a record 19 points.
• Pep Guardiola's side also became the first to achieve 100 points and score in excess of 100 goals.
• Al Mubarak said: "Our journey is not complete and we have more targets to fulfil. We will always strive for more."
• Chief executive Ferran Soriano added that further progress in the Champions League was a specific focus.
• City have just completed 10 years under the ownership of Sheikh Mansour's Abu Dhabi United Group.
• In 2007-08, their revenues were £104m, less than Turkish side Fenerbahce.
• Now, only Real Madrid, Barcelona, Bayern Munich and Manchester United generate greater income than City, who have increased the capacity of the Etihad Stadium to 55,000.
• Al Mubarak said: "Most of the developments visible today are the result of a carefully crafted strategy.