Abu Dhabi, UAE

The Week Middle East - - News -

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”.

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