Manchester City break £500m revenue barrier in Premier League-winning season

Rex Christensen
September 13, 2018

- Wage/revenue ratio sits at a healthy 52%.

Premier League champions Manchester City have announced record revenues of £500.5 million ($656m) in their 2017-18 annual report.

The Club enters its fourth consecutive year as a profitable business, posting a profit of £10 million.

It leaves City - who became the first English club to amass 100 points in a single season under Pep Guardiola last term - trailing only Manchester United (£581 million) in revenue terms among the Premier League elite.

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.

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Champions League revenue rose by £6m with the club reaching the quarterfinals - a stage further than the previous year and chief executive Ferran Soriano added that further improvement in Europe was a priority.

The Spaniard was also an instrumental figure during the Sky Blues' unprecedented march to the league title last year under Pep Guardiola as he helped them to a third Premier League title in the last six years.

Reflecting that making a profit four years in a row "may well have been rejected as fanciful by some commentators" years ago, Mubarak said: "We have not diverted in any way from our strategy for on-field success within a commercially and financially sustainable organisation". And stating that "We will always strive for more. There should be no doubt that we are looking forward to the challenges of the new season and those beyond it with equal commitment and determination 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 His Highness Sheikh Mansour's acquisition of the club in September 2008.

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