With many Abu Dhabi sponsors, Man City makes record revenue

Manchester City's Kyle Walker, left, facing camera, celebrates after scoring his side's second goal during the English Premier League soccer match between Manchester City and Newcastle United at the Etihad Stadium in Manchester, England, Saturday, Sept. 1, 2018. (AP Photo/Jon Super)

Manchester City generated a club-record 500.5 million pounds ($655 million) as it won the Premier League by amassing an unprecedented 100 points

MANCHESTER, England — Manchester City generated a club-record 500.5 million pounds ($655 million) as it won the Premier League by amassing an unprecedented 100 points.

The annual report for the 2017-18 financial year was released Thursday showing the Abu Dhabi-owned club made a profit of 10.4 million pounds.

City's revenue has increased 44 percent in five years, fueled by the rise in value of television rights, progress in the Champions League and more lucrative sponsorship deals.

Commercial deals are the biggest source of revenue, generating 232.3 million pounds in the year to June 30.

Four of City's nine global sponsors are Abu Dhabi companies. Sheikh Mansour, a member of Abu Dhabi's royal family and deputy prime minister of the United Arab Emirates, bought City 10 years ago.

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