City's revenues soar

by

November 09, 2017

MANCHESTER, England (AP):

Manchester City has reported record revenue of PS473.4 million (US$620 million) and a profit of PS1 million (US$1.3 million) during Pep Guardiola's first season in charge.

The Premier League club announced results to June 30, covering a 13-month period as it adjusts its financial year cycle, with turnover rising 21 per cent.

City, who have been transformed since the 2008 takeover by Abu Dhabi's Sheikh Mansour and won the Premier League in 2012 and 2014, did not win a trophy last season.

But chief executive Ferran Soriano says the team has produced "exactly the type of quality football we want to be playing".

City are unbeaten after 11 games and hold an eight-point lead at the top over Manchester United and Tottenham.

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