Manchester City Annual Report 2017-18 Released
Manchester City confirm breaking £500m revenue barrier, entering fourth consecutive year of profit as 2017-18 Annual Report is published
- City post record revenues of £500.5 million, a 44% increase in five years
- Profits reported at £10.4 million, the Club’s fourth consecutive year of profitability
- Wage/revenue ratio sits at a healthy 52%
- All major club activities detailed in the report, including the 25+ records broken by the men’s team
- The Club also publishes a ‘Decade in Data’, a statistical report outlining City’s 10-year transformation since His Highness Sheikh Mansour’s investment in 2008
Manchester City Football Club has today released its Annual Report for 2017-18, announcing revenues of more than £500 million for the first time in City history, and the tenth successive year of improved financial performance. The Club enters its fourth consecutive year as a profitable business, posting a profit of £10 million.
It was a record-breaking year for Manchester City on the field too, with performances by the men’s team breaking more than 25 records including most goals scored and most games won, as well as being the first top-flight team in football league history to reach 100 points.
In the report, Chairman Khaldoon Al Mubarak takes the opportunity to reflect on the Club’s development since 2008 noting that, “most of the developments visible today are the result of a carefully crafted strategy- one in which organic evolution has also been allowed to thrive”.
He goes on to highlight Manchester City’s positive financial performance over the past season, pointing to the breaking of the £500M barrier for the first time and the posting of a profit in excess of £10m, further commenting that “The 2017-18 season will go down in history because of the incredible football we all witnessed” and saying that “we are filled with an extraordinary sense of pride in the hard work of Pep Guardiola, the players, and the staff who work tirelessly to support them.”
Manchester City, CEO Ferran Soriano comments that he is “proud of our performances and of the trophies won, but equally recognise[s] the process by which they were achieved” and calls the season a “remarkable campaign”. He looks to the future saying, “We recognise that the sporting challenge continues. Consistent domestic success and further development in the Champions League will be our focus in 2018-19 and the seasons to come”.
The Chairman concludes his message, reflecting that “Our aim is obviously to build on the achievements of the last year.” And stating that “We will always strive for more. Our journey is not complete and we have more targets to fulfil. There should be no doubt that we are looking forward to the challenges of the new season and those beyond it with equal commitment and determination to the ten seasons that came before.”
The Club also published a ‘Decade in Data’, following Manchester City’s decade long club-wide transformation through statistics following the investment of His Highness Sheikh Mansour’s acquisition of the club in September 2008.
Visit http://annualreport2018.mancity.com/ to read the full annual report.
Visit http://decadeindata.mancity.com/ to access 10-years of Manchester City data.
About Manchester City Football Club
Manchester City FC is an English Premier League club initially founded in 1880 as St Mark’s West Gorton. It officially became Manchester City FC in 1894 and has since then gone onto win the European Cup Winners’ Cup, five League Championship titles, including three Premier League titles (2012, 2014, 2018), and five FA Cups.Manchester City is one of eight teams comprising the City Football Group which includes New York City FC, Melbourne City FC, Yokohama F. Marinos, Club Atlético Torque and FC Girona.
Under manager Pep Guardiola, one of the most highly decorated managers in world football, the Club plays its domestic and UEFA Champions League home fixtures at the Etihad Stadium, a spectacular 55,000 seat arena that City have called home since 2003. Today, the Stadium sits on the wider Etihad Campus, which also encompasses the City Football Academy, a state-of-the-art performance training and youth development facility located in the heart of East Manchester. Featuring a 7,000 capacity Academy Stadium, the City Football Academy is also where Manchester City Women’s Football Club and the Elite Development Squad train on a daily basis and play their competitive home games.
For more information, please visit www.mancity.com