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Good financial results for Manchester City

Manchester City have become the second English club to just break the £500m revenue barrier, up six per cent in 2017-18 from last season (Manchester United are on £581m): Financial results. In all five clubs in Europe have gone through the £500m barrier, the others being Spanish giants Barcelona and Real Madrid along with Bayern Munich.

It is a 44 per cent rise in five years and a near six fold increase in the 10 seasons since Arab billionaire Sheikh Mansour bought the club.

Impressive though it is, it is still quite modest by the standards of most companies in other sectors of the economy.

The club made a profit for the fourth successive year (£10.4m). It's not a big profit, but it's up from £1m last year. The wages to turnover ratio was a healthy 52 per cent, down from 56 per cent.

There is a virtuous circle between success on the pitch and success off it. Manchester City chairman Khaldoon Al Mubarak said last season’s strong financial performance was 'the result of a carefully crafted strategy — one in which organic evolution has also been allowed to thrive.'

The target now is domestic dominance, and in particular winning the Champions League.

There is a very informative interview with Kieran Maguire of the Price of Football here: City Watch

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