M
SM
Saturday, December 14
Collect News Data
/esi/1339/6_A_1_379896_0/index.html?art_id=379896&ESI

Manchester City report record revenue of £535m and £10.1m profit

:Headline: Manchester City report record revenue of £535m and £10.1m profit:
The Premier League champions' wage-to-revenue ratio stands at 59 per cent.
PA | 25d

Manchester City posted record revenue of £535million 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.”

“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”
- Manchester City chief executive Ferran Soriano

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.

“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.”

body check tags ::
amp_article_379896 : Collect and Make Data not in DataBase  : 
last updated article - 2019-11-19 15:56:04:
html db last update - 2019-12-14 01:01:27 :

ex - 7200 : read : write cache and make html

Click here for more stories about Ferran Soriano

Click here for more stories about Manchester City

Share this article now:

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
UC
Get the latest transfer news, match previews and news direct to your inbox!
Recommended Next on SM
Zinedine Zidane coy on Kylian Mbappe transfer talk
Man United move for Dries Mertens?
Pep Guardiola expecting "big test" against Arsenal
Premier League Table
TeamPWDLFAGDPTS
1Liverpool17161042142849
2Leicester CityLeicester17123240112939
3Manchester CityMan City16102444192532
4Chelsea179263125629
5Sheffield UnitedSheff Utd176742116525
6Manchester UnitedMan Utd166642519624
7Wolverhampton WanderersWolves165922319424
8Tottenham HotspurSpurs166553023723
9Arsenal165742424022
10Crystal Palace166461418-422
11Newcastle UnitedNewcastle176471724-722
12Burnley176382229-721
13Brighton & Hove AlbionBrighton165472024-419
14Bournemouth175481924-519
15West Ham UnitedWest Ham175481928-919
16Everton165291928-917
17Aston Villa1743102330-715
18Southampton1743101836-1815
19Norwich CityNorwich1733111835-1712
20Watford171610932-239
Scroll for more - Tap for full version

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
UC
Get the latest transfer news, match previews and news direct to your inbox!

Loading ...

Failed to load data.

Premier League Table
TeamPWDLFAGDPTS
1Liverpool17161042142849
2Leicester CityLeicester17123240112939
3Manchester CityMan City16102444192532
4Chelsea179263125629
5Sheffield UnitedSheff Utd176742116525
6Manchester UnitedMan Utd166642519624
7Wolverhampton WanderersWolves165922319424
8Tottenham HotspurSpurs166553023723
9Arsenal165742424022
10Crystal Palace166461418-422
11Newcastle UnitedNewcastle176471724-722
12Burnley176382229-721
13Brighton & Hove AlbionBrighton165472024-419
14Bournemouth175481924-519
15West Ham UnitedWest Ham175481928-919
16Everton165291928-917
17Aston Villa1743102330-715
18Southampton1743101836-1815
19Norwich CityNorwich1733111835-1712
20Watford171610932-239
Scroll for more - Tap for full version
. . . . . . . . . . . . . . .
X

We value your privacy

A part of our GDPR compliance we need to ask for your consent. We and our partners use technology such as cookies on Sports Mole to personalise content and ads, provide social media features, and analyse our traffic. Click below to consent to the use of this technology on Sports Mole.