Manchester City's on-field success saw the club's revenues swell to £535 million ($692 million) last season as the Premier League champions posted a profit for the fifth straight year.
A 20 percent surge in broadcast revenue saw City's income rise from £500.5 million in the 2017/18 season.
Pep Guardiola's men completed an unprecedented quadruple of England's domestic trophies by winning the Premier League, FA Cup, League Cup and Community Shield. The sale of a host of players unable to break into the first team helped boost profits to £10.1 million.
Prior to Sheikh Mansour's takeover of City in 2008, the club's revenue was a mere £87 million. Huge losses of over £584 million followed during the first six years of their ownership due to massive investment in the playing squad and facilities, including the £200 million Etihad Campus training ground.
However, a boom in commercial and broadcast revenue brought about by continued qualification for the Champions League and four Premier League titles in the past eight seasons has seen City post a profit in each of the past five years. "As intended by His Highness Sheikh Mansour, 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," City chairman Khaldoon Al Mubarak said in a statement.
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