Champions Manchester City announce record revenue for 2018-19

City chairman Khaldoon Al Mubarak (left) said Manchester City were now better placed financially than at any time. Photo: Jason Cairnduff/Reuters

City chairman Khaldoon Al Mubarak (left) said Manchester City were now better placed financially than at any time. Photo: Jason Cairnduff/Reuters

Published Nov 19, 2019

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LONDON – Manchester City reported record revenue of 535.2

million pounds (692.6 million dollars) for the year 2018-19 on

Tuesday, boosted by their second successive Premier League title.

In their annual report, City said it was the 11th consecutive year of

increased revenue and that they made a profit for the fifth straight

year, totalling 10.1 million pounds, while their wage-revenue ratio

was listed as 59 percent.

"It was a season which on the field, culminated in six trophies won

across the senior men's and women's teams including the securing of

an unprecedented sweep of all four men's domestic titles," City said.

City chairman Khaldoon Al Mubarak said City were now better placed

financially than at any time. 

"This outcome represents not just a season, but a decade of hard

work," he said.

"The organization is now at a level of maturity that enables us to

plan on multi-year cycles both in terms of our management of squads

and more widely across the business.

"This strategic planning has allowed us to create an environment in

which continued on-pitch success is both possible and likely, and

financial sustainability is a reality."

City won their second successive Premier League title last season,

edging out Liverpool by one point.

The champions are currently fourth this season, nine points behind

leaders Liverpool.

dpa

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