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Manchester City announce £500m club-record revenues, close on United

Manchester City announce £500m club-record revenues, close on United

ESPN

Manchester City have become only the second English club, after neighbours United, to announce revenues of more than £500 million having broken the barrier following their record-breaking title season.

The Premier League champions had been the fifth-highest revenue earner in the world last season at £473.4m, and figures released on Thursday showed that had been increased to £500.5m.

Barcelona, Real Madrid and Bayern Munich also boasted revenues of more than £500m last season.

City reported a profit for the fourth successive year, with a figure of £10.4m, up on the 2016-17 figure of £1.088m, while the wage to revenue ratio stands at 52 percent.

"Our aim is obviously to build on the achievements of the last year," chairman Khaldoon Al Mubarak said.

"We will always strive for more. Our journey is not complete and we have more targets to fulfil."

ESPN