Manchester City breaks £500 million revenue
Manchester City has released its annual results this afternoon, showing it has broken through the £500m revenue barrier.
The bulk of the income was made up of commercial revenue (£232.3m) and broadcast revenue (£211.5m). Matchday revenue totalled £56.7m.
It places the club in fifth place in terms of global brand value, behind Bayern Munich.
During 2017-2018 commercial revenues increased by 7%, helped by its new partners Gatorade, Tinder and Marathonbet.
City were also the subject of a multi-million pound Amazon documentary which was released earlier this summer.
“This season’s on-field success is married with solid financial results. Our fourth consecutive year of profit - reported at £10.4 million for the financial year - together with our breaking of the £500 million barrier with record revenues of £500.5 million are pleasing returns for our off-field efforts and the wage:revenue ratio of 52% is further evidence of the underlying strength of the organisation,” said chief executive, Ferran Soriano.
“Commercial revenue grew with the closing of a number of new and innovative partnerships, perhaps the most notable of which was the strategic relationship with Amazon resulting in the production of Amazon Prime’s series ‘All or Nothing’ detailing the remarkable season that 2017-18 turned out to be. The series aired in August and represented a completely innovative way to offer unprecedented access to the Club on a globally accessible platform.”
Digitally the club has seen worldwide growth, with the release of an all-new supporters platform, a kids app and competitive FIFA Online esports teams.
The club became the first Premier League team to reach 1m subscribers on YouTube and its Facebook page was the fastest growing in world football.
Over the last 12 months, it's had 710m video views across all its platforms, up 54% year on year.