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

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.”


Saudi driver Reema Juffali makes history as first woman to compete in Saudi Arabia

Updated 22 November 2019

Saudi driver Reema Juffali makes history as first woman to compete in Saudi Arabia

  • Juffali is VIP driver in the Jaguar I-PACE e-TROPHY
  • Ahead of the race she said: “I am very excited"

RIYADH: Reema Juffali made history on Friday by becoming the first Saudi Arabian female racer to drive competitively in the Kingdom.

As the VIP driver in the Jaguar I-PACE e-TROPHY, Reema took to the track at the Diriyah Circuit in the official qualifying round on Friday morning ahead of her first race later in the day.

She completed her fastest lap of the demanding track created in the heart of the UNESCO World Heritage site in 1 min 39 seconds, a little over 5 second behind the pole position.

She will go into the official championship race at the back of the grid, but that takes nothing away from the moment for the young driver from Jeddah.

Ahead of the race she said: “I am very excited, I never thought this day would come, or at least I didn’t know when and it came a lot sooner than expected. I’m a year into racing and here I am now about to race at home which is an incredible feeling.”

The Jaguar I-PACE eTROPHY series is the official support race the SAUDIA Diriyah E-Prix the opening double header for the ABB FIA Formula E Championship.