Manchester City believe they are becoming the benchmark for Europe's biggest clubs as they target an era of 'unprecedented' success, the club's chairman has declared. The Premier League champions announced on Monday that they have posted the second highest turnover in English football history, at £613m, in part thanks to a remarkable rise in commercial revenue. Recording profits of £41.7m, City said that their commercial takings were worth £309.4m - a 14% year-on-year increase - after announcing more than a dozen new sponsorship deals. Turnover was also boosted by the return of supporters to stadiums following the pandemic. Khaldoon Al Mubarak, the chairman, welcomed the financial results but warned that the club must not rest on their laurels, calling on the management team to 'continuously deliver football success for our fans.' Pep Guardiola drops hint on Man City future after admitting "doubts" City have won four of the past five league titles, though the Champions League continues to elude head coach Pep Guardiola. 'If we are to be true to the efforts of all those people that have contributed over the last 14 years to deliver our current successes, we must challenge ourselves to question everything we accept as optimal, and to define new and unprecedented goals and the right strategies to achieve them,' Al Mubarak said. 'This is the task that Sheikh Mansour [the owner], our shareholders and the board have set our management team. In doing so we recognise the fundamental truth that continuously delivering football success for our fans will also continue to create value for our shareholders.' Pep Guardiola during Saturday's game against Fulham. City's accounts also){kind=link}
The Premier League champions have announced another sharp rise in commercial income with chairman warning that they must continue to grow after becoming a benchmark for European rivals
Manchester City believe they are becoming the benchmark for Europe’s biggest clubs as they target an era of “unprecedented” success, the club’s chairman has declared.
The Premier League champions announced on Monday that they have posted the second highest turnover in English football history, at £613m, in part thanks to a remarkable rise in commercial revenue.
Recording profits of £41.7m, City said that their commercial takings were worth £309.4m – a 14% year-on-year increase – after announcing more than a dozen new sponsorship deals. Turnover was also boosted by the return of supporters to stadiums following the pandemic.
Khaldoon Al Mubarak, the chairman, welcomed the financial results but warned that the club must not rest on their laurels, calling on the management team to “continuously deliver football success for our fans.”