In 2016/17 annual report, the club has reported record revenues of £473.4m, a 21% increase from the previous year, which also breaks the £400m barrier for the first time the City’s history.
MCFC Chairman Khaldoon Al Mubarak said, “This report is about making sure our fans and our partners can see the true detailed status of every aspect of the club. What hopefully comes across is that the football organization and off-field business have the right symmetry and balance to allow us to continue to further strengthen and grow.”
In the report, Chairman Khaldoon Al Mubarak observes the revenue growth moving “towards the £500m mark” and reiterates the club’s long held position that “on-field success and financial sustainability must exist hand-in-hand.”
He also added, Manchester City "still have a long way to go" after 10 years under Abu Dhabi ownership.
Chief executive officer Ferran Soriano said: “We are committed to playing beautiful football and to win. Both elements are compatible and the second is a consequence of the first.”
The report also highlights the achievements of Manchester City’s treble-winning women’s team, which Khaldoon Al Mubarak describes as “an outstanding achievement” that has established the team as a “major force in the game”.