Premier League Manchester City make record revenue

  • Published:
Manchester City posted a 20 million pound profit from revenues of 391.8 million pounds play

Manchester City posted a 20 million pound profit from revenues of 391.8 million pounds

(AFP/File)
24/7 Live - Subscribe to the Pulse Newsletter!

English Premier League leaders Manchester City on Tuesday announced record turnover of $480 million and its Abu Dhabi owners said the club has reached a "turning point".

City, who were hit by UEFA sanctions over their finances in 2014, announced a 20 million pound ($24.5 million/22.2 million euro) profit from revenues of 391.8 million pounds ($480 million, 436 million euros).

With broadcasting, match-day and commercial revenues all up, City announced a second straight year of profit.

Chairman Khaldoon Al-Mubarak said the 2015-16 season when City reached the Champions League semi-finals was a "turning point" on and off the field.

"Manchester City has now reached a level of sporting and commercial maturity that allows one to feed the other," said the chairman.

"I believe the 2016-17 season represents the beginning of a critical new phase in the evolution of Manchester City.

"We know that we have the playing, coaching and off-field capabilities at our disposal to achieve great things in English and European football in the years ahead."

Broadcasting revenue from Europe and the Premier League increased 19% to 161 million pounds. Matchday income went up from 43 million pounds a year ago to 52.5 million pounds.

Manchester City manager Pep Guardiola has lost just one game since taking charge at the Etihad Stadium in July 2016 play

Manchester City manager Pep Guardiola has lost just one game since taking charge at the Etihad Stadium in July 2016

(AFP/File)

Other commercial revenues went up from 351 million pounds to 391 million pounds.

In the past year, City have appointed Pep Guardiola, one of Europe's most successful coaches, while China Media Capital Holdings has become a key new investor.

City said that its wage bill was down to 50 percent of revenues which it said was one of the best ratios in the Premier League.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos





Top Articles

1 Educated Footballers 6 football players with Master’s Degreesbullet
2 Anthony Joshua World heavyweight champion taunts heavyweight rivals on...bullet
3 Akwasi Frimpong Olympic hopeful back in Ghana after 23 yearsbullet
4 Maria Sharapova Tennis star named in India luxury housing fraud probebullet
5 Racing 92 Rally to sink Toulon, Stade edge Oyonnaxbullet
6 WTA Venus at number one? Could happen at Finalsbullet
7 Major League Baseball Deadline extended as 'Japan's Babe...bullet
8 In US Live sports broadcasting braces for disruptionbullet
9 Terry Glenn Former NFL Patriots receiver dies in car crashbullet
10 Grand Prix World champion Marquez fastest in final...bullet

Top Videos

1 Brianna Lyston Meet the 12-year-old Jamaican sprinter to rival Usain Boltbullet

More Sports