Manchester City have announced record revenues of £473.4m and a profit of £1.08m for the year ending June 30, 2017.
The results cover a 13-month period – due to City adjusting its financial year – and sees their turnover rise by 21 per cent.
It is the ninth consecutive year of improved financial performance for Man City, and the third in which they have posted a profit.
The period coincided with Pep Guardiola’s first season in charge following his appointment as Manuel Pellegrini’s successor last season, and the record revenues were generated despite City’s failure to win a trophy in the Spaniard’s first campaign.
Man City are currently top of the Premier League by eight points, having won ten and drawn one of their first 11 games. They have also guaranteed a place in the last 16 of the Champions League, after winning all four of their group games so far.
Chief executive Ferran Soriano said the team have produced “exactly the type of quality football we want to be playing”.