Manchester City acknowledge risk of charges after posting record £712m revenue

Manchester City’s latest annual report acknowledges that the Premier League charges facing them risk having a “material impact” on the club (Nick Potts/PA)

Manchester City have acknowledged the Premier League charges facing them risk having a “material impact” on the club, as they posted a league-record revenue figure of over £700million.

City earned £712.8m in the year ending June 30, an increase of almost £100m compared to the previous year and far outstripping the £648.4m Premier League record set by Manchester United when their most recent results were announced last month.