Man City report record revenue for 2018-19 after 'extraordinary' season

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(Reuters) - English Premier League champions Manchester City drew in record revenue of 535.2 million pounds in a fifth consecutive year of profitability in 2018-19, the club said in an annual report published on Tuesday.

Record-breaking broadcast revenue was the main driver of City's overall revenue growth, rising 19.7% year-on-year, largely due to the club's Champions League participation.It was City's 11th straight year of revenue growth under the ownership of Abu Dhabi royal family, and they continue to close the gap on local rivals Manchester United, the Premier League's richest club.

Pep Guardiola's men won an unprecedented domestic treble last season, while the women's team won the FA Cup and the Women's Super League."This outcome represents not just a season, but a decade of hard work," he said."The organisation is now at a level of maturity that allows us to plan in multi-year cycles."

 

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