MManchester City disclosed their annual financial results and revealed that the club had earned profits worth £20.5 million. This is the second year in succession that City have made a profit.
Chairman Khaldoon Al-Mubarak laid emphasis on the transformation that began at the club in 2008 when Sheikh Mansour took over the club. The chairman said that City have now reached a “critical new phase” in the club’s “evolution” with the appointment of Pep Guardiola as manager.
Naturally buoyed at this achievement, Al-Mubarak remarked that the club “have the playing, coaching and off-field capabilities at our disposal to achieve great things in English and European football in the years ahead.