As featured on NewsNow: Football news

Man City announce profit for first time under Sheikh Mansour reign

Manchester City have made money for the first time since Sheikh Mansour took over seven years ago.


For the 2014/15 financial year, City have announced a profit of
£10.7million while revealing that their revenue jumped massively from £5.3m to £352m.

City have constantly lost money since 2008 although negative numbers since the 2010/11 season have began to dramatically decrease from a hit of £197m to a loss of just £23m last season.

Chairman Khaldoon Al Mubarak revealed that it was a happy day for City who are now operating as a genuine money maker.

"To put things in their simplest terms, we are now a profitable business with no debt and no outstanding restrictions," he said.

"The fact that we consider last season to be below par for Manchester City is a testament to how far we have come in the last seven years."

The transfer activity which saw the likes of Raheem Sterling, Kevin De Bruyne, Patrick Roberts, Fabian Delph and Nicolas Otamendi arrive at the Etihad Stadium for more than £150m in the summer was not included in the yearly figures.


Need a VPN? Or seeking to switch? Then support Tribal Football by clicking here to sign up with our official partners NordVPN. Not only will you receive the best VPN experience, but also great discounts by signing up via Tribal Football. Thanks for your support!

Video of the day:

Andrew Slevison
About the author

Andrew Slevison

Have your say
×

Subscribe and go ad-free

For only $10 a year

  1. Go Ad-Free
  2. Faster site experience
  3. Support great writing
  4. Subscribe now
Launch Offer: 2 months free
×

Subscribe and go ad-free

For only $10 a year

Subscribe now
Launch Offer: 2 months free