Man City Closing in On Man United After Announcing Overwhelming Revenues

Manchester City have announced record revenues of £535m which translates to Ksh70,407,374,415.

The Premier League champions have released their financial figures for 2018-19, which they say highlight the 11th year of growth under Sheikh Mansour.

Image result for pep guardiola
Manchester City manager Pep Guardiola. (Photo: Courtesy)

It has also emerged that club officials are expecting a further rise to around £560m for 2019-20 season.

That will put them on course for parity with neighbours Manchester United, who are projecting revenues of between £560m and £580m for the same period.

Interestingly, United raked in a record £627.1m for 2018-19 but after finishing sixth in the Premier League and missing out on Europe’s elite competition, they believe revenues for 2019-20 will fall.

Image result for ed woodward
Ed Woodward, the Chief Executive of Manchester United. (Photo: Courtesy)

The club, which this year entered its second decade under the ownership of the Abu Dhabi United Group, also reported a profit of £10.1m.

Chairman Khaldoon Al Mubarak declared the results ‘represent not just a season, but a decade of hard work’.

“The organization is now at a level of maturity that enables us to plan on multi-year cycles both in terms of our management of squads and more widely across the business.

“This strategic planning has allowed us to create an environment in which continued on-pitch success is both possible and likely, and financial sustainability is a reality,” he said.

Al Mubarak also vowed that City would ‘continuously improve and innovate, on the pitch, commercially, in infrastructure development and/or in our service to fans and our community’.

However, City are currently subject to a UEFA investigation into claims they breached Financial Fair Play rules with the decision expected next month.

Leave a Reply

Your email address will not be published. Required fields are marked *