English Premiership

Man City finally post a profit

2015-10-14 18:38
Manchester City (Getty Images)

London - Manchester City, who were sanctioned last year for breaching UEFA's Financial Fair Play (FFP) rules, have posted an annual profit for the first time since the club was bought by Sheikh Mansour bin Zayed in 2008.

The Premier League club released its annual report for the 2014-15 season on Wednesday.

"Of most significance in this reporting period, is the posting of a £10.7 million bottom line profit, the club's first to have been achieved since the 2008 acquisition," City said in a statement.

The report also stated that the club had posted record annual revenues of  £352 million.

"To put things in their simplest terms, we are now a profitable business with no debt and no outstanding restrictions," chairman Khaldoon Al Mubarak said in the statement.

City have been notoriously high spenders in the transfer market since Sheikh Mansour bought the club seven years ago.

They were fined €60-million last year for breaching UEFA's FFP rules, while they also had their squad capped for that season's Champions League.

The FFP rules, which were set up by the Club Financial Control Body (CFCB) in 2012, are designed to limit financial losses and make football clubs more financially stable.

NEXT ON SPORT24X

What To Read Next

 

Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

Fixtures
Tuesday, 12 December 2017
Burnley v Stoke City, Turf Moor 21:45
Crystal Palace v Watford, Selhurst Park 22:00
Huddersfield Town v Chelsea, The John Smith's Stadium 22:00
Wednesday, 13 December 2017
Swansea City v Manchester City, Liberty Stadium 21:45
Newcastle United v Everton, St. James' Park 21:45
Southampton v Leicester City, St. Mary's Stadium 21:45
Liverpool v West Bromwich Albion, Anfield 22:00
West Ham United v Arsenal, London Stadium 22:00
Manchester United v AFC Bournemouth, Old Trafford 22:00
Tottenham Hotspur v Brighton & Hove Albion, Wembley Stadium 22:00
Saturday, 16 December 2017
Leicester City v Crystal Palace, King Power Stadium 14:30
Stoke City v West Ham United, Bet365 Stadium 17:00
Arsenal v Newcastle United, Emirates Stadium 17:00
Chelsea v Southampton, Stamford Bridge 17:00
Brighton & Hove Albion v Burnley, The American Express Community Stadium 17:00
Watford v Huddersfield Town, Vicarage Road Stadium 17:00
Manchester City v Tottenham Hotspur, Etihad Stadium 19:30
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Who will claim the Premier League title at the end of the 2017/18 season?

 
 
Men
Women
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Sport24 on Twitter

Follow Sport24 news on Twitter

Featured

The 2017/18 Absa Premiership season is under way. Can Bidvest Wits defend their title? Will Soweto giants Kaizer Chiefs or Orlando Pirates emerge victorious? Or will the bookies' favourites, Mamelodi Sundowns, taste success for a record eighth time? Stay glued to Sport24 to find out!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.