Published: Fri, September 14, 2018
Sport | By

Premier League champions break £500m revenue barrier in record year

Premier League champions break £500m revenue barrier in record year

During previous year, 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.

City's revenue has increased 44 percent in five years, fueled by the rise in value of television rights, progress in the Champions League and more lucrative sponsorship deals.

Manchester City star David Silva has hinted he would fancy a move away from the English topflight and join Spanish side Las Palmas in 2020.

From announcing football's record loss in 2010-11, £197m, when Mansour's money was being spent buying players and paying wages which the club's revenues could not then sustain, the profit for the 12 months to 30 June this year was the fourth in a row.

In the report, Chairman Khaldoon Al Mubarak takes the opportunity to reflect on the Club's development since 2008 noting that, "most of the developments visible today are the result of a carefully crafted strategy- one in which organic evolution has also been allowed to thrive".

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", Al Mubarak, City's chairman since the club was bought by the Abu Dhabi United Group in 2008, said in a statement.

"We will always strive for more. There should be no doubt that we are looking forward to the challenges. with equal commitment and determination to the 10 seasons that came before".

The club's facilities have also been transformed with state-of-the-art training facilities.

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