LONDON – Manchester City reported record revenue of 535.2
million pounds (692.6 million dollars) for the year 2018-19 on
Tuesday, boosted by their second successive Premier League title.
In their annual report, City said it was the 11th consecutive year of
increased revenue and that they made a profit for the fifth straight
year, totalling 10.1 million pounds, while their wage-revenue ratio
was listed as 59 percent.
"It was a season which on the field, culminated in six trophies won
across the senior men's and women's teams including the securing of
an unprecedented sweep of all four men's domestic titles," City said.
City chairman Khaldoon Al Mubarak said City were now better placed
financially than at any time.
"This outcome represents not just a season, but a decade of hard
work," he said.
"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.
"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."
City won their second successive Premier League title last season,
edging out Liverpool by one point.
The champions are currently fourth this season, nine points behind
leaders Liverpool.