Manchester City post record revenue and profit for fifth successive year

Manchester City posted record revenue of £535m and a profit – £10.1m – for the fifth consecutive year, according to the club’s annual report.

Figures for the 12 months ending June 2019 show revenue above the £500m mark for the second successive year and it is understood the club expect that to rise to closer to more than £560m next year having signed a lucrative kit deal with Puma.

The club’s wage-to-revenue ratio stands at 59 per cent.

“This outcome represents not just a season, but a decade of hard work,” said chairman Khaldoon Al Mubarak, with the club in its second decade of ownership under Sheikh Mansour bin Zayed.

“The organisation 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.”

Chief executive officer Ferran Soriano believes the club are well placed to continue a sequence which saw them win three trophies last season and 10 major honours since 2012.

The club’s revenue is shown above £500m for the second year running (Getty)

“We can all be sure that we will be focused, resilient and consistent in our approach,” he said.

“Victories are not accidents; they are the product of careful planning, consistent hard work and the acknowledgement of the need to stay humble and hungry.”

PA