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Manchester City chairman Khaldoon Al Mubarak has sent a message to the fans after the annual report, revealing they have broken £500 million revenue barrier last season having gained £535.2 million over a 2018/19 campaign.
“Our organisation is now at a level of maturity that enables us to plan on multi-year cycles both in terms of our management of squads and more widely across the business,” he said.
“This strategic planning has allowed us to create an environment in which continued on-pitch success is both possible and likely, and financial sustainability is a reality. We remain committed to continuing our investment in youth development and advanced facilities, but in doing so we know that the challenges of the next decade will be very different to those of the last. What therefore must also remain constant is our drive to continuously improve and innovate, be that on the pitch, commercially, in infrastructure development or in our service to fans and our community.”
The Citizens have tried to win every title available to them: they have won the Community Shield in August and are doing well in the Champions League and Carabao Cup but still, are fourth in the Premier League standings- nine points behind leaders Liverpool.
Source- Manchester Evening News