This is how much money Manchester City generated in 2016/17

Manchester City have achieved their third consecutive year of profitability.

The club’s latest earnings report, published today (November 9), shows that City generated a record revenue of £473.4m in 2016/17.

The sum, a year-on-year increase of 21%, marks the first time in MCFC’s 123-year history that earnings have risen above the £400m mark.

Profits for the period came in at just over £1m, while net debt continued to remain at zero.

City chairman Khaldoon Al Mubarak said: “This report is about making sure our fans and our partners can see the true detailed status of every aspect of the club.

“What hopefully comes across is that the football organization and off-field business have the right symmetry and balance to allow us to continue to further strengthen and grow.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.