Manchester City's profit stalls as revenue rises to £535 million
19 November 2019
A rise in revenue to £535.2 million was due to an increase in income from UEFA broadcasting, Manchester City's just-released annual report for the 2018/19 season shows.
The club's net profit, however, did not change significantly from last year, coming in at £10 million due to a huge increase in wages undermining growth in other areas.
City's commercial revenue decreased by 2.8 per cent, an unsatisfactory result which, according to the club, was because of a reduced number of concerts held at their Etihad Stadium.
Manchester City's revenue increased to a record of £535.2 million in the 2018/19 season, but the growth was weighed down by a fall in commercial revenue and a huge increase in wages and salaries, meaning the club's profit decreased slightly on the preceding period.
On the previous season's £500 million, the club's revenue grew by seven per cent, primarily due to a £31.1 million increase in broadcasting income from UEFA.
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