Manchester City post UK£535.2m in revenue for 2018/19

11th consecutive year of growth sees English soccer giants post UK£10.1m in profit.

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English soccer giants Manchester City have announced record turnover of UK£535.2 million (US$693 million) in their latest financial statement from the 2018/19 season.

The report details and 11th consecutive year of revenue growth under the ownership of Sheikh Mansour, with overall profits coming in at UK£10.1 million (US$13 million). That figure is down slightly from the UK£10.4 million (US$13.41 million) in 2018, but it still represents a fifth consecutive year of profit.

The primary driver of revenue growth for the club was broadcast revenues of UK£253.2 million (US$326.98 million), up 19.7 per cent on the previous season. Match day revenues for the season are up 2.8 per cent to UK£58.2 million (US$75.13 million) as the Premier League champions posted record attendances at the Etihad Stadium, with average gates of 54,132.

The City Football Group-owned outfit claim that commercial revenues would have been higher in a year that saw the club sign a number of new partnerships but by hosting three fewer concerts at the Etihad, income in that department dipped by 1.5 per cent against the previous year to UK£228.8 million (US$295.41 million).

City say they are is ‘committed to controlling’ the club wage-to-revenue ratio, which stands at 59 per cent.

Unlike rivals Manchester United, City are projecting further growth in the coming year, as their new kit deal with German sportswear provider Puma makes its first dent on the balance sheet.

In passing the City UK£500 million (US$645.81 million) revenue mark for the second consecutive season, only the second English club to do so, City are closing in on United’s long-held status as the country’s richest soccer club. United recently announced their own annual accounts, which projects a fall in annual revenues to between UK£560 million (US$723.29 million) and £580 million (US$749.12 million) for the year.

Last season saw Manchester City’s men’s team win a domestic treble of the Premier League, FA Cup and League Cup, while the women’s team claimed a cup double, winning the FA Women’s Cup and the FA WSL Continental Cup.

City recently lost a Court of Arbitration for Sport appeal against Uefa’s investigation into breaches of financial fair play regulations, with the case to proceed to a full hearing. The club are alleged to have disguised payments from Sheikh Mansour as sponsorship deals, which City deny.

Manchester City have announced record turnover of UK£535.2 million (US$693 million) 

English soccer giants Manchester City have announced record turnover of UK£535.2 million (US$693 million) in their latest financial statement from the 2018/19 season.

The report details and 11th consecutive year of revenue growth under the ownership of Sheikh Mansour, with overall profits coming in at UK£10.1 million (US$13 million). That figure is down slightly from the UK£10.4 million (US$13.41 million) in 2018, but it still represents a fifth consecutive year of profit.

The primary driver of revenue growth for the club was broadcast revenues of UK£253.2 million (US$326.98 million), up 19.7 per cent on the previous season. Match day revenues for the season are up 2.8 per cent to UK£58.2 million (US$75.13 million) as the Premier League champions posted record attendances at the Etihad Stadium, with average gates of 54,132.

The City Football Group-owned outfit claim that commercial revenues would have been higher in a year that saw the club sign a number of new partnerships but by hosting three fewer concerts at the Etihad, income in that department dipped by 1.5 per cent against the previous year to UK£228.8 million (US$295.41 million).

City say they are is ‘committed to controlling’ the club wage-to-revenue ratio, which stands at 59 per cent.

Unlike rivals Manchester United, City are projecting further growth in the coming year, as their new kit deal with German sportswear provider Puma makes its first dent on the balance sheet.

In passing the City UK£500 million (US$645.81 million) revenue mark for the second consecutive season, only the second English club to do so, City are closing in on United’s long-held status as the country’s richest soccer club. United recently announced their own annual accounts, which projects a fall in annual revenues to between UK£560 million (US$723.29 million) and £580 million (US$749.12 million) for the year.

Last season saw Manchester City’s men’s team win a domestic treble of the Premier League, FA Cup and League Cup, while the women’s team claimed a cup double, winning the FA Women’s Cup and the FA WSL Continental Cup.

City recently lost a Court of Arbitration for Sport appeal against Uefa’s investigation into breaches of financial fair play regulations, with the case to proceed to a full hearing. The club are alleged to have disguised payments from Sheikh Mansour as sponsorship deals, which City deny.