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.”


UAE end Kyrgyzstan’s Asian Cup odyssey

Updated 22 January 2019
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UAE end Kyrgyzstan’s Asian Cup odyssey

  • Substitute Ahmed Khalil was UAE’s hero on an angst-ridden Abu Dhabi night as he blasted home from the spot in the first additional period
  • Less than a quarter of an hour earlier Kyrgyzstan substitute Tursunali Rustamov had stunned the home side when he snatched a dramatic stoppage-time equalizer

SHARJAH, United Arab Emirates: Hosts United Arab Emirates ended Kyrgyzstan’s fairytale with a controversial extra-time penalty to reach the Asian Cup quarter-finals on a 3-2 soreline Monday.
Substitute Ahmed Khalil was UAE’s hero on an angst-ridden Abu Dhabi night as he blasted home from the spot in the first additional period to set up a meeting with the Socceroos in the last eight.
Less than a quarter of an hour earlier Kyrgyzstan substitute Tursunali Rustamov had stunned the home side when he snatched a dramatic stoppage-time equalizer at the end of a nail-biting contest.
It had taken the Emirates just 14 minutes to break through as Khamis Esmaeel headed in an Ismail Matar corner.
Plucky Kyrgyzstan refused to go unnoticed on their Asian Cup debut, however, and the White Falcons equalized midway through the first half when Mirlan Murzaev squeezed the ball in from a seemingly impossible angle.
Kyrgyz captain Valery Kichin then gave UAE a scare when his curling shot crashed against the crossbar.
But Ali Mabkhout volleyed the 2015 semifinalists back in front with his third goal of the tournament after some horror defending from Mustafa Iusupov.
That looked to have ended Kyrgyz defiance until Rustamov headed home in the dying seconds to force extra time.
But after Mabkhout had tumbled in the box under minimal contact, the Asian Cup hosts were awarded a penalty that was hotly disputed — for the second time in this tournament.
Khalil kept his cool though and drilled home the spot kick on 103 minutes to give UAE a shot at avenging their semifinal defeat by Australia four years ago.
There was still time for Baktyiar Duishobekov and Rustamov to hit the woodowork, but the Emiratis somehow clung on.