Sun | Sep 23, 2018

Man City make record revenue

Published:Friday | September 14, 2018 | 12:00 AM
Manchester City manager Pep Guardiola

MANCHESTER, England (AP):

Manchester City generated a club-record £500.5 million (US$655 million) as they won the Premier League by amassing an unprecedented 100 points.

The annual report for the 2017-18 financial year was released yesterday, showing that the Abu Dhabi-owned club made a profit of £10.4 million.

City's revenue has increased 44 per cent in five years, fuelled by the rise in value of television rights, progress in the Champions League, and more lucrative sponsorship deals.

Commercial deals are the biggest source of revenue, generating £232.3 million in the year to June 30.

Four of City's nine global sponsors are Abu Dhabi companies. Sheikh Mansour, a member of Abu Dhabi's royal family and deputy prime minister of the United Arab Emirates, bought City 10 years ago.