Premier League defending champions Manchester City have become only the second English club in history to surpass £500m in revenues.
Manchester City’s 2017/18 campaign on the pitch was a historic one for several reasons, they have also confirmed that things are good off the pitch too, with revenue breaking the £500m mark.
The club also reported a profit for the fourth season in a row, this time of £10.4m, and managed a wage-revenue ratio of 52%.
City chairman Khaldoon Al Mubarak emphasised that the club still had a lot to do.
“Our journey is not complete and we have more targets to fulfil. We will always strive for more.” He said as quoted by BBC Sport.
This financial news means that only Real Madrid, Barcelona, Bayern Munich and Manchester United generate greater income than Manchester City, placing them firmly amongst Europe’s elite in financial terms.
The revenue also marks an increase of 44% over the last five years, meaning that City’s trajectory appears to be upward.
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Source: New feed