Manchester City post £10m profit despite ‘below par’ 2015

Manchester City have made a profit for the first time since the club’s takeover by Sheikh Mansour in 2008 – and despite what the chairman describes as a “below par” season on the pitch.

City made a £10.7 million (€14.4m) profit in the 2014-15 season despite failing to win a trophy – figures which highlight how the club have been able to free themselves of any Uefa financial fair play sanctions.

The club reported record revenues of £351.8m (€474m), up from £347m (€468m), but significantly have cut costs including reducing the wage bill for a second successive year.