City has dominated English soccer since being purchased by Sheikh Mansour.
| Photo Credit: REUTERS
Manchester City reported document revenues of 712.8 million kilos ($890 million) for final season in figures launched on Wednesday.
In its annual report for the 2022-23 season, City additionally introduced document income of 80.4 million kilos ($100 million) – a rise on the earlier yr’s complete of 41.7 million kilos ($52 million).
The membership, which is backed by the ruling household of Abu Dhabi, received a trophy treble final season, together with the Champions League, Premier League and FA Cup.
“In quick, final season noticed Manchester City obtain the best soccer and business yr of its storied historical past,” club chairman Khaldoon Al Mubarak said in a statement. “The season was the validation of a philosophy and sustained approach that has defined the Club since His Highness Sheikh Mansour became its custodian in 2008.”
City has dominated English soccer since being bought by Sheikh Mansour and has won five of the last six Premier League titles under manager Pep Guardiola.
Last season it finally conquered Europe by winning the Champions League.
City’s financial power has enabled it to spend big on the world’s best players such as Erling Haaland, Kevin de Bruyne and Jack Grealish.
City’s spending has also led to accusations of financial wrongdoing.
In 2020 it successfully overturned a two-year ban by UEFA from European competitions when taking its case to the Court of Arbitration for Sport.
The Premier League has accused City of about 80 alleged breaches of its financial rules and 30 more relating to its alleged failure to co-operate with an investigation.
If found guilty, penalties could include a deduction of points or even expulsion from the Premier League.
City’s latest revenues were up from 613 million pounds ($766 million) the previous year and 569.8 million pounds ($712 million) in 2020-21.
“In the aftermath of the UEFA Champions League win in Turkey and the completion of ‘The Treble’ the question I was asked most often, was ‘How do you top that?’” Al Mubarak mentioned. “The reply is by doubling down on the confirmed philosophies and practices which have introduced us this success and to problem ourselves to proceed to consistently innovate with a purpose to obtain new ranges of efficiency each on and off the sphere.”
Source web site: www.thehindu.com
