City's wages rise by £61.8m under Guardiola

Ruben Hill
September 13, 2018

It leaves City - who became the first English club to amass 100 points in a single season under Pep Guardiola last term - trailing only Manchester United (£581 million) in revenue terms among the Premier League elite.

Now, only Real Madrid, Barcelona, Bayern Munich and Manchester United generate greater income than City, who have increased the capacity of the Etihad Stadium to 55,000.

In a statement setting out the main elements of City's 10-year transformation under the Abu Dhabi ownership - including Guardiola and his team, six clubs around the world, an extensive youth development system and investment in east Manchester - the chairman, Khaldoon al-Mubarak, highlighted the club's financial stability.

City made a profit for the fourth consecutive year, with their balance sheet in the black to the tune of £10.4m ($14m), while the wage-revenue ratio sits at 52 per cent. "We will always strive for more".

Reflecting that making a profit four years in a row "may well have been rejected as fanciful by some commentators" years ago, Mubarak said: "We have not diverted in any way from our strategy for on-field success within a commercially and financially sustainable organisation". He looks to the future saying, "We recognise that the sporting challenge continues".

Chief executive Ferran Soriano added that further progress in the Champions League was a specific focus.

Matchday and other commercial activities increased by more than £4m each while payroll costs fell by £4.5m despite an increase in employees by more than a third.

Las Palmas were relegated from La Liga last season after winning just five of their 38 matches.

"That's where I was brought up and I really hope he can have the same opportunities as I've had". "That is the reality today as revenues once again reach record levels - breaking through the £500m barrier for the first time".

Other reports by Click Lancashire

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