Man City make record revenue

AFP, MANCHESTER: English Premier League leaders Manchester City on Tuesday announced record turnover of $480 million and its Abu Dhabi owners said the club has reached a “turning point”.
City, who were hit by UEFA sanctions over their finances in 2014, announced a 20 million pound ($24.5 million/22.2 million euro) profit from revenues of 391.8 million pounds ($480 million, 436 million euros).
With broadcasting, match-day and commercial revenues all up, City announced a second straight year of profit.
Chairman Khaldoon Al-Mubarak said the 2015-16 season when City reached the Champions League semi-finals was a “turning point” on and off the field.
“Manchester City has now reached a level of sporting and commercial maturity that allows one to feed the other,” said the chairman.

 

Man City make record revenue

AFP, MANCHESTER: English Premier League leaders Manchester City on Tuesday announced record turnover of $480 million and its Abu Dhabi owners said the club has reached a turning point. City, who were hit by UEFA sanctions over their finances in 2014, announced a 20 million pound ($24.5 million/22.2 million euro) profit from revenues of 391.8 million pounds ($480 million, 436 million euros). With broadcasting, match-day and commercial revenues all up, City announced a second straight year of profit. Chairman Khaldoon Al-Mubarak said the 2015-16 season when City reached the Champions League semi-finals was a turning point on and off the field. Manchester City has now reached a level of sporting and commercial maturity that allows one to feed the other, said the chairman.