Manchester City go from record start in the Premier League to announcing record revenues
Pep Guardiola’s side flying high at the top of the table and now the club’s revenues are up 21 per cent
Premier League leaders Manchester City announced record revenues of £473.4 million (HK$4.844 billion) for the past financial year on Wednesday.
The figures published in City’s annual report for 2016-17 mark an increase of 21 per cent 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 bought by Sheikh Mansour of Abu Dhabi in 2008, remain debt-free.