Manchester City have announced a club-record £535.2 million ($692.3m) revenue and a £10.1 million ($13.1m) profit as part of their 2018-19 annual report.
The figures represent the 11th consecutive year of growth and the fifth consecutive year of profit under the ownership of Sheikh Mansour bin Zayed. City also revealed a wage/revenue ratio of 59%.
The Premier League champions last week had their appeal against UEFA’s investigation into alleged breaches of Financial Fair Play (FFP) thrown out by the Court of Arbitration for Sport (CAS), with the results of the investigation still to come.
City’s improved figures come after another year of sporting success on the field for both the club’s men’s and women’s teams.
However, despite City eclipsing neighbours Manchester United on the field, the figures are still some way short of the £627.1 million ($811.8m) revenue figure announced by United in September.
However, United’s turnover is set to fall as a result of their failure to qualify for the Champions League, while further growth is projected for City.