Abu Dhabi, UAE
Man City scores: Abu Dhabi-owned football club Manchester City has nearly doubled its profitability in the 2015-2016 financial year. The English Premier League club reported a $25m profit for the period, up 91.59% from the previous year. Revenue stood at £391.8 million ($478.9m) up from £351.8m. “Manchester City has now reached a level of sporting and commercial maturity that allows one to feed the other”, said club chairman Khaldoon Al-Mubarak. In the 2015-2016 period Manchester City’s parent company City Football Group attracted investment from China Media Capital Holdings valuing it at $3bn. The club also opened its newly expanded stadium. In an interview published in June, Al Mubarak said City Football Group, which includes football clubs New York City FC, Melbourne City FC, Yokohama F Marinos and Manchester City, will be looking to expand when the “opportunity arises”.