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Man City break 500 million income barrier

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AFP London
Last Updated : Sep 13 2018 | 10:11 PM IST

English champions Manchester City posted record revenues of 500.5 million ($652 million) in a record-breaking 2017/18 campaign on the pitch as Pep Guardiola's men romped to the Premier League title amassing 100 points.

City reported profits of 10.4million, a fourth consecutive year of profitability, with wages to revenue ratio falling to 52 percent.

"Our journey is not complete and we have more targets to fulfil," said chairman Khaldoon Al Mubarak, who recently celebrated a decade since an Abu Dhabi-backed takeover of the club transformed City's fortunes.

"There should be no doubt that we are looking forward to the challenges of the new season and those beyond it with equal commitment and determination to the 10 seasons that came before."

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First Published: Sep 13 2018 | 10:11 PM IST

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