Manchester City have reached a new high in their revenues by registering revenues of €625 million.
Manchester City are giving their city rivals Manchester United a good run for their money.
Recently, the Sky Blues released their official financial statements for the last year. The blue side of Manchester has hit the highest in terms of revenus earned by the club in 2018-19. City also revealed a net profit of €11.8 million in their reports, as per Daily Mail.
Sheikh Mansour Bin Zayed Al Nahyan took over Manchester City in 2008. Since then, City have only seen movement in the upward direction. Manchester City chairman Khaldoon Al Mubarak took this moment to merit the strategies involved in reaching their current level and helped envision the club’s future plans.
“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,” Khaldoon Al Mubarak said.
“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.
“Our ultimate goal is to win trophies, playing fast, fluid, attacking football with a team that fuses graduates from our academy along with world-class acquisitions.
🗞 Headlines from new #ManCity Annual Report: City’s revenues rose almost 7% to £535.2m in 2018-19, and the Club posted a fifth consecutive year of profit.
Watch out for more #ManCityAnnualReport stats today and over the next few days 📈
— Manchester City (@ManCity) November 19, 2019
“We know this will not be achieved overnight. However, we have made investments across the club that we believe have set us on the right path,” the Manchester City chairman explained.