Premier League leader Manchester City has posted a £10.7M bottom-line profit for the 2014-15 season.
Manchester City has announced an annual profit for the first time since Sheikh Mansour bin Zayed completed his takeover of the Premier League club in September 2008.
In its annual report covering the 2014-15 season, City announced a 10.7 million pound ($16.5 million) bottom-line profit for the period in question.
This return means City will not be hit by a repeat of the UEFA Financial Fair Play punishments that limited its squad size and transfer activity for the 2014-15 campaign.
UEFA lifted the restrictions, along with similar sanctions imposed upon Ligue 1 champion Paris Saint-Germain, in July this year.