Manchester City posted profits for the fourth consecutive year in yesterday’s annual financial report, and notably became just the second English club to ever hit the £500million mark in revenues.
Despite the jibes and conspiracy theories, the truth is City is now a sustainable, profitable and well-run football club, with impressive results on the pitch and off the pitch.
Don’t believe us? City Watch spoke to Kieran Maguire, a lecturer in football finance at the University of Liverpool, and he said “the future looks good”.
Another expert in football finance, David Bick, was quizzed by Sky Sports about City’s results. Bick, who often told people City would be a powerhouse during their problems with Financial Fair Play, now believes the club is financially healthy – and becoming the strongest club in the country.
“Despite the fact that they [Manchester City] have got perhaps the most expensive squad, their turnover to wages ratio is just 52 per cent and sort of bang on where it should be,” said Bick.
“I’ve spoken before about the figures over the last few years at City, and they just keep getting better.
“And although I hesitate to say this in absolute terms, I think they are fast becoming the strongest football club in the country.”
City will hope to continue the good results on the pitch when they host Fulham on Saturday, while continuing to excel and grow off the pitch into a global footballing powerhouse.
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