Tuesday , February 25 2020
Home / unitedkingdom / Manchester City reported a record revenue of 535.2 million pounds in the 2018-19 annual report

Manchester City reported a record revenue of 535.2 million pounds in the 2018-19 annual report



Manchester City won the Premier League, FA Cup, League Cup and Community Shield last season

Manchester City brought a record £ 535.2 million last season, according to the club's 2018-19 annual report.

It was the eleventh year in a row of City's revenue growth and bridges the gap to local rivals Manchester United, the richest Premier League club.

It is forecast that this number will increase again next year, given that the city has already qualified for the UEFA Champions League knockout phase.

Payments under the Puma contract for £ 45 million per year will also apply.

United has already said their turnover will fall from 560 to 580 million pounds this year due to a lack of qualification for the Champions League.

This period includes a campaign in which teams of men and women from City won a total of six trophies, including the pure capture of English home honors for the team of Pep Guardiola.

"This result is not just a season, but a decade of hard work," said president Blues Khaldoon al-Mubarak. "The organization has already reached the level of maturity that allows us to plan in multiannual cycles."

The city reported a profit of £ 10.1 million and a pay / turnover ratio of 59%.


Source link