Manchester City announce record high revenue for 2018/19 season

Manchester City’s annual report for the 2018/19 season has revealed a record-high revenue, among other financial information.

The official report, which was released on Tuesday, included a revenue of £535.2m, the highest in the club’s recorded history.

It also disclosed a profit for the year of just over £10m, the fifth year in a row that profit has been recorded, while the wage to revenue ratio increased from the previous season to 59%.

(Photo by Michael Regan/Getty Images)

Chairman Khaldoon Al Mubarak was positive about the news, saying; “This outcome represents not just a season, but a decade of hard work. The organisation is now at a level of maturity that allows us to plan in multi-year cycles”.

CEO Ferran Soriano added that, “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

(Photo by Alex Livesey/Getty Images)

In the last decade, we’ve become the most successful English team in terms of titles, goals, points – we aim to continue to be among the most successful in world.”

Revenue had increased almost £35m between the 2017/18 and 2018/19 seasons, a statistic that is bound to prove relevant in ongoing investigations into the club by UEFA. A statement in the report addressed these rumours directly:

The directors welcome the opening of a formal UEFA investigation as an opportunity to bring to an end speculation resulting from illegal hacking & out of context publication of club emails. The directors are confident of a positive outcome.”

(Photo by Alex Livesey/Getty Images)

Journalist Simon Stone added that, “City stand to pay out an additional £200m in additional transfer fees, signing on fees and loyalty bonuses if various conditions are met“.

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