You are using an older browser version. Please use a supported version for the best MSN experience.

Profits continue for EPL's Manchester City

Press AssociationPress Association 5 days ago Andy Hampson

English Premier League giants Manchester City made a profit of PS20.5 million ($A32.7 million) and generated record revenues of PS398.1 million ($A635 million) during the 2015/16 season, the club have revealed.

It is the second successive year the club have recorded a surplus and underlines their continuing growth under the ownership of Sheikh Mansour and his Abu Dhabi United Group investment firm.

The figures, published in the club's latest annual report, also show City are operating on a 50 per cent wage-revenue ratio and with zero financial debt.

City were transformed when Sheikh Mansour bought the club in 2008 and immediately bankrolled lavish spending on players.

Inevitably, heavy losses were sustained but the subsequent improvements on the field have been matched by developments off it and financial performance has improved year-on-year for the past eight years.

As recently as 2012 City sustained a PS98 million loss but the club returned to the black by generating an PS11 million profit last year and the upward trajectory has continued.

The PS398.1 million revenue figure represents an 11 per cent improvement on last year's PS351.8 million and is made up largely of commercial income (PS177.9 million) and broadcasting money (PS161.4 million). Matchday income accounted for PS52.5 million of the total, an increase of 21 per cent.

All three areas benefited from City's run to the UEFA Champions League semi-finals, Capital One Cup victory and Premier League top-four finish. Matchday income was also swelled by the increase in capacity at the Etihad Stadium, which saw average Premier League attendances rise by more than 8,000 to 54,041.

Other significant activity included an investment in City's parent company, City Football Group, which includes Australian A-League club Melbourne City, by China Media Capital Holdings.

image beaconimage beaconimage beacon