Manchester City Football Club has released its Annual Report, detailing the Club’s activities and achievements during the 2018-19 season.
Here at Bitter and Blue we value honesty and transparency and despite reports to the contrary City and their finances should be cut and dry.
So let’s take a look.
First, lets see what City Group won:
“It was a season which on the field, culminated in six trophies won across the senior men’s and women’s teams including the securing of an unprecedented sweep of all four men’s domestic titles, and off the field, saw the posting of record revenues of £535.2m - above the £500m mark for the second successive year. (Courtesy of mancity.com)”
“The Club, which this year, entered its second decade under the ownership of His Highness Sheikh Mansour bin Zayed, also reported a profit - of £10.1m - for the fifth consecutive year and a healthy wage/revenue ratio of 59%.”
In chart form:
Manchester City’s revenues rose almost 7% to £535.2m in 2018-19 and the Club posted a fifth consecutive year of profit.— Man City | Superbia (@SuperbiaProeIia) November 19, 2019
[via @ManCity] pic.twitter.com/NQPnfjX8Os
Two observations can be leaned from the report.
- City continue to be among one of the few self sustained clubs on the planet and for that we should be proud. It would seem thanks to recent investments, notably from Puma and Nissan, City will increase profit margin next year.
With qualification for the Champions League knockout phase already assured, £45m-a-year Puma deal due to come on stream, sources expect Manchester City will be over £560m next year.— Man City | Superbia (@SuperbiaProeIia) November 19, 2019
[via @sistoney67] https://t.co/5M6N8wmjZL
2. Criticism, while warranted, has to be substantiated. Many folks, notably on twitter, have accused City of fraudulent behavior and while Etihad’s sponsorship deal does deserve some closer looking at, to question the veracity of financial reports supposedly vetted by the FA and UEFA has to be a no go.
Listen, I’m open for more information, but attacking with out proof is not right.
Lastly, revenue has to be shown and City don’t just rely on home cooking. They have all kinds of sponsors as this tweet shows:
We have 30 Global Partners and 20 Regional ones, and there's an Abu Dhabi sponsor in the latter category as well. But we've also got Puma, Hays, Nissan, SAP, Gatorade, Cisco, Acronis, Unilever, Wix, EA Sports, SeatGeek, Valvoline, Tecno, MarathonBet & UBTech among others.— PrestwichBlue (@PrestwichBlue) November 19, 2019
The Athletic, by way of Sam Lee, had a great article on City and likeability you can check out here.
How easy is it to make a team likeable, especially when so many people seem so determined to hate everything? In the sea of negativity, Chelsea are getting a reprieve. (temporary, I imagine). I'm all for it, and I wondered if/when City will get one https://t.co/w87LdsFgCk— Sam Lee (@SamLee) November 19, 2019
And while City considering its ownership, will never be likeable, the article brought up one big point I want to tackle. Ownership. It’s one of the biggest stumbling blocks to City being a neutrals favorite. Claims that City have “bought the league” among many others ring loud throughout the internet. And while City fans know that is not the case, many brush over bigger offences by other clubs. See Liverpool hacking City’s football scouting system or even the FA’s huge abuse scandal.
The point is City are not a perfect club, but we owe it to the owners and other fans to support until something concrete is confirmed.
Now, to quote a famous American coach, We’re on to Chelsea.