Man City’s revenue rises to GBP535 million

LONDON (AFP) – Manchester City’s on-field success saw the club’s revenues swell to GBP535 million last season as the Premier League champions posted a profit for the fifth straight year.

A 20 per cent surge in broadcast revenue saw City’s income rise from GBP500.5 million in the 2017/18 season.

Pep Guardiola’s men completed an unprecedented quadruple of England’s domestic trophies by winning the Premier League, FA Cup, League Cup and Community Shield.

The sale of a host of players unable to break into the first team helped boost profits to GBP10.1 million.

Prior to Sheikh Mansour’s takeover of City in 2008, the club’s revenue was a mere GBP87 million.

Huge losses of over GBP584 million followed during the first six years of their ownership due to massive investment in the playing squad and facilities, including the GBP200 million Etihad Campus training ground.