Manchester City Football Club on Tuesday released its 2018-19 Annual Report, posting record revenues of £535.2 million.
The club, which this year entered its second decade under the ownership of Sheikh Mansour bin Zayed, also reported a profit — of £10.1 million — for the fifth consecutive year and a wage-revenue ratio of 59%.
In September, arch-rival Manchester United announced results for the 12 months ended June 30, 2019, saying it made record revenues of £627.1 million.
Manchester City. said: “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, and off the field, saw the posting of record revenues of £535.2m – above the £500m mark for the second successive year.”
Chairman Khaldoon Al Mubarak said: “This outcome represents not just a season, but a decade of hard work,” and that “the organisation 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.”
He added: “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.”