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City confirm breaking £500m revenue barrier
September 14, 2018
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Abu Dhabi: Manchester City Football Club announced revenues of more than £500 million for the first time in its history, and the tenth successive year of improved financial performance according to its annual report for 2017-18. The club enters its fourth consecutive year as a profitable business, posting a profit of £10 million.

It was a record-breaking year for Manchester City on the field too, with performances by the men’s team breaking more than 25 records including most goals scored and most games won, as well as being the first top-flight team in football league history to reach 100 points.

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”.

He goes on to highlight Manchester City’s positive financial performance over the past season, pointing to the breaking of the £500m barrier for the first time and the posting of a profit in excess of £10m, further commenting that “the 2017-18 season will go down in history because of the incredible football we all witnessed.

“We are filled with an extraordinary sense of pride in the hard work of Pep Guardiola, the players, and the staff who work tirelessly to support them.”

Manchester City CEO Ferran Soriano comments, “I am proud of our performances and of the trophies we won, but equally recognise the process by which they were achieved.”

He calls the season as a remarkable campaign, saying, “We recognise that the sporting challenge continues. Consistent domestic success and further development in the Champions League will be our focus in 2018-19 and the seasons to come.”

The Chairman concludes his message, reflecting that “Our aim is obviously to build on the achievements of the last year.”

And stating that “We will always strive for more. Our journey is not complete and we have more targets to fulfil. There should be no doubt that we are looking forward to the challenges of the new season and those beyond it with equal commitment to the ten seasons that came before.”

The club also published a ‘Decade in Data’, following Manchester City’s decade long club-wide transformation through statistics following the investment of Sheikh Mansour’s acquisition of the club in September 2008.

Under Guardiola, one of the most highly decorated managers in world football, the club plays its domestic and UEFA Champions League home fixtures at the Etihad Stadium, a spectacular 55,000-seat arena that City have called home since 2003.

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