Manchester City Profits Up As Revenue Hits Record High
By Community | September 14, 2018
Manchester City’s revenues reached an all-time high of £500.5 million for the 2017-18 financial year, breaking £500 million for the first time, an increase of 44% in five years.
The club is now in its fourth year as a profitable enterprise, with profits bouncing back to a reported £10 million.
Profits reached £20 million 2015-16 before slipping to £1 million the following year.
Commercial revenues for 2017-18 grew by 7% to £232.3 million as Gatorade, Tinder and Marathonbet signed on as new partners and several of partnerships were renewed and extended.
Partners all developed engaging activations during the year, most notably SAP, Wix and UBTECH.
Broadcast revenues were up 4% to £211.5 million.
Matchday revenue increased by 9% to £56.7 million.
Club Chairman Khaldoon Al Mubarak said “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.”
Manchester City CEO Ferran Soriano (in photo) said: “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 photo comes from the 2014 iSporconnect Brands Masterclass hosted at City Football Group headquarters, in which he took part in a two-way session with WPP Chairman Sir Martin Sorrell.