Man City Break £500m Revenue Barrier, Says ‘We Have More Targets To Fulfil’

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Manchester City chairman Khaldoon Al Mubarak says the club’s journey “is not complete” despite reporting revenues in excess of £500m last season.

City’s annual report, to 30 June 2018, confirms they are the second English club to break the £500m barrier.

The club reported a profit for the fourth successive season, this time of £10.4m and a wage-revenue ratio of 52%.

The healthy financial report comes months after City won the by a record 19 points.

Pep Guardiola’s side also became the first to achieve 100 points and score in excess of 100 goals.

Al Mubarak said: “Our journey is not complete and we have more targets to fulfil. We will always strive for more.”

Chief executive added that further progress in the was a specific focus.

City have just completed 10 years under the ownership of ’s Abu Dhabi United Group.

In 2007-08, their revenues were £104m, less than Turkish side Fenerbahce.

Now, only , Barcelona, Bayern Munich and Manchester United generate greater income than City, who have increased the of the Etihad Stadium to 55,000.

Al Mubarak said: “Most of the developments visible today are the result of a carefully crafted strategy.”

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