Man City announce record £473.4m revenues

Premier League leaders Manchester City announced record revenues of £ 473 . 4 million ($ 619 . 9 million, 534 . 5 million euros ) for the past financial year on Wednesday .
The figures published in City ’s annual report for 2016- 17 mark an increase of 21 percent on the previous year’ s revenues and represent the third successive year the club ’s revenues have grown.
City are flying on the pitch as well at the moment , with Pep Guardiola ’ s free - scoring side eight points clear at the Premier League summit and into the Champions League last 16.
“ This report is about making sure our fans and our partners can see the true detailed status of every aspect of the club,” said City chairman Khaldoon Al Mubarak in a press release .
“ What hopefully comes across is that the football organisation and off - field business have the right symmetry and balance to allow us to continue to further strengthen and grow. ”
City , who were purchased by Sheikh Mansour of Abu Dhabi in 2008 , remain debt- free.
During Sheikh Mansour ’s tenure , they have won two Premier League titles, two League Cups and the FA Cup .
The club had never previously recorded revenues above £ 400 million and Al Mubarak said revenue growth was moving “ towards the £ 500 million mark ” .
Guardiola failed to win a trophy in his first season as City manager , but chief executive Ferran Soriano said the club ’s objectives were in line with the manager’s .
“ We are committed to playing beautiful football and to win ,” he said. “ Both elements are compatible and the second is a consequence of the first . ”
Al Mubarak said the nine trophies won by City ’s youth teams showed youth development was “a central pillar for the club’s long - term sustainability ” .
He also paid tribute to City ’s women ’ s team for winning a treble of domestic trophies, calling it an “ outstanding achievement” .