Abu Dhabi-owned Manchester City set sights on more glory after breaking through £500 million revenue barrier

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City won their their title in six years in May, they have now set their sights on breaking their Champions League duck. (AFP)
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Updated 13 September 2018
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Abu Dhabi-owned Manchester City set sights on more glory after breaking through £500 million revenue barrier

  • Manchester City become only second English club to record annual revenues over £500 million
  • City chairman wants clubs dominate for years to come.

LONDON: Manchester City chairman Khaldoon Al-Mubarak said the club will “strive for more” after they announced annual revenues of £500 million ($655 million) for the first time on Thursday.
The annual report said last season’s runaway Premier League champions had enjoyed revenues of £500.5 million — a 44 percent increase in five years.
It also said highlighted a fourth successive profitable year — this time £10.4 million with a wage to revenue ratio at “a healthy” 52 percent.
“Our aim is obviously to build on the achievements of the last year,” Al-Mubarak (pictured below), City’s chairman since the club was bought by the Abu Dhabi United Group in 2008, said in a statement. “We will always strive for more.
“Our journey is not complete and we have more targets to fulfil.”


According to the report, City’s income has increased six-fold in the past decade and they have risen from 20th to fifth in European clubs’ revenues league table.
The club’s facilities have also been transformed with state-of-the-art training facilities.
On the pitch they are also thriving with former Barcelona coach Pep Guardiola having taken City to the title last season with 100 points — the first club to achieve that total.
“Most of the developments visible today are the result of a carefully crafted strategy — one in which organic evolution has also been allowed to thrive,” Al-Mubarak said.
“The 2017-18 season will go down in history because of the incredible football we all witnessed. We are filled with an extraordinary sense of pride in the hard work of Pep Guardiola, the players, and the staff who work tirelessly to support them.”


Manchester City boss Guardiola gives Tommy Fleetwood a Pep talk ahead of Ryder Cup

Updated 25 September 2018
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Manchester City boss Guardiola gives Tommy Fleetwood a Pep talk ahead of Ryder Cup

  • World No.11 receives special message from Spaniard ahead of Europe's clash against the US
  • Fleetwood to make his Ryder Cup debut in Paris this week.

PARIS: Ryder Cup rookie Tommy Fleetwood will hope a message of motivation from Manchester City manager Pep Guardiola can spur him on to success for Europe in Paris this week.
Fleetwood, introduced to Guardiola through a mutual friend, was on a Cheshire golf course with the City boss in April when his side were crowned Premier League champions following Manchester United’s defeat by West Brom.
The pair then struck up a partnership at Wentworth for the celebrity Pro-Am event ahead of the BMW PGA Championship in May, and Guardiola has shown his support for Fleetwood ahead of this week’s showdown with the US.
“We all have these videos in the room, these motivational videos, and he was one of the guys that sent a message to me,” Fleetwood said.
“I’m not sure he’s coming over. I’m sure he’s busy at the weekend but he might make it over. But yeah, we always talk quite a lot.
“He’s somebody that’s great to know.”
Guardiola gushed about his first-hand Ryder Cup experience as a fan at the 2012 edition in Medinah, when Europe pulled off a remarkable final-day comeback to stun the Americans on their home patch.
The Spaniard, then on a 12-month sabbatical after leaving his post at Barcelona, was invited to the tournament as a guest of European captain Jose Maria Olazabal.
“He was at the Ryder Cup in Medinah, and he’ll always mention that that’s one of the greatest times he’s had in his life being at that Ryder Cup,” said Fleetwood.
“Yeah, it was a very special time. It has a special place in his heart, the Ryder Cup, and he’s been very supportive through the whole thing.
“Maybe we’ll see him, I don’t know.”
City are due to host Brighton in the Premier League on Saturday, not ruling out the possibility of Guardiola making an appearance for Sunday’s singles.