LONDON (AFP) – Premier League leaders Manchester City announced record revenues of $619.9 million for the past financial year.
The figures published on Wednesday in City’s annual report for 2016-17 mark an increase of 21 percent on the previous year’s revenues and represent the third successive year the club’s revenues have grown.
City are flying on the pitch as well at the moment, with Pep Guardiola’s free-scoring side eight points clear at the Premier League summit and into the Champions League last 16.
“This report is about making sure our fans and our partners can see the true detailed status of every aspect of the club,” said City chairman Khaldoon Al Mubarak in a press release.
“What hopefully comes across is that the football organisation and off-field business have the right symmetry and balance to allow us to continue to further strengthen and grow.”
City, who were purchased by Sheikh Mansour of Abu Dhabi in 2008, remain debt-free.
During Sheikh Mansour’s tenure, they have won two Premier League titles, two League Cups and the FA Cup.