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.”


Platini released from custody after police questioning

Updated 19 June 2019
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Platini released from custody after police questioning

  • French authorities haven’t announced any charges against Platini
  • The authorities also questioned a sport adviser from the previous French president’s administration

PARIS: Former UEFA president Michel Platini was released from custody in the early hours of Wednesday after being questioned as part of a corruption investigation into the awarding of the 2022 World Cup to Qatar.
His communication team said that Platini’s detention ended at 12:30 a.m. local time.
Platini had denied any wrongdoing and French authorities did not announce any charges against the former France and Juventus player.
“It was long, but given the number of questions it could not be different,” Platini said after his release. “They asked me questions about the 2016 Euro, the World Cup in Russia, the World Cup in Qatar, the Paris Saint-Germain, FIFA.”
Also questioned Tuesday were Sophie Dion, a sports adviser in former French president Nicolas Sarkozy’s administration, and Claude Gueant, the former secretary general of the Elysee presidential palace under Sarkozy.
Ahead of the FIFA vote, Sarkozy hosted a meeting in November 2010 that brought Platini together with Tamim bin Hamad Al-Thani, then the crown prince of Qatar and now its ruling emir. Al-Thani also owns the French soccer club Paris Saint-Germain, and Sarkozy frequently attends its games.
Qatar beat the long-favored United States 14 to 8 when FIFA selected the host country for the 2022 World Cup
As head of European soccer’s governing body UEFA, Platini was the continent’s top representative on the FIFA committee that picked Qatar.
French prosecutors are known to be investigating an array of winning bids for major sports events, including the 2018 World Cup, awarded to Russia, the 2020 Olympic Games in Tokyo and track and field world championships.

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READ MORE: TIMELINE: The trail of corruption allegations surrounding the 2022 FIFA World Cup in Qatar

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