3rd profit: City announce revenue record for 2016/17

Premier League leaders Manchester City announced record revenues of £473.4 million (Sh62 billion, $619.9 million, 534.5 million euros) for the past financial year on Wednesday.

The figures published in City's annual report for 2016-17 mark an increase of 21 percent on the previous year's revenues and represent the third successive year the club's revenues have grown.

City is flying on the pitch as well at the moment, with Pep Guardiola's free-scoring side eight points clear at the Premier League summit and into the Champions League last 16.

City, who were purchased by Sheikh Mansour of Abu Dhabi in 2008, remain debt-free.

During Sheikh Mansour's tenure, they have won two Premier League titles, two League Cups and the FA Cup.

The club had never previously recorded revenues above £400 million and Al Mubarak said revenue growth was moving "towards the £500 million mark".

Guardiola failed to win a trophy in his first season as City manager, but chief executive Ferran Soriano said the club's objectives were in line with the manager's.

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