Manchester City is closing in on Real Madrid as the biggest financial player in world football.
Manchester City are closing in on Real Madrid as the biggest hitters in world football after posting record revenues and profits from their treble-winning season.
The Premier League winners recorded record revenues of £712million and profits of £80m driven by their success on three fronts culminating in the Champions League in Istanbul in June.
It puts them within touching distance of Real who sit on top of the football world with £137m profits from £733m revenue for the same period.
Chairman Khaldoon Al Mubarak vowed City would not rest until they had reached even greater heights despite their best season on and off the pitch.
The numbers City’s financial report posted were impressive with a £100million leap in revenue to £712.8 million and a near doubling of profits from £41.7m to £80.4m.
Those jumps saw them not only close the gap on Real Madrid as the biggest club in the world but put clear water between them and neighbours Manchester United who had posted a Premier League record figure of £648.4m for the same period last month.Read More