Manchester City chairman Khaldoon Al Mubarak says the club’s journey “is not complete” despite reporting revenues in excess of £500m last season.
City’s annual report, to 30 June 2018, confirms they are the second English club to break the £500m barrier.
The club reported a profit for the fourth successive season, this time of £10.4m and a wage-revenue ratio of 52%.
The healthy financial report comes four months after City won the Premier League by a record 19 points.
Pep Guardiola’s side also became the first to achieve 100 points and score in excess of 100 goals.