The Ownership of Manchester City Football Club
traces back to 1894, when Ardwick A.F.C.
dissolved and were reformed as Manchester City Football Club Ltd.
Over recent years, the ownership and finances of Manchester City Football Club have been tumultuous with various owners of contrasting fortunes much in line with their inconsistent trend on the pitch and the club's hierarchy maintain the club is in a period of "significant transformation
". As of 2009, the club are the sixth richest football club
and overall are the 19th worldwide
with a revenue of €101m according to Deloitte
, a position they have consistently held for numerous years.
The club's most recent annual financial report revealed revenue increase rose 40% to €144m, strong figures for a club who were not in European football in the 2009-10 season. The club posted a loss of £121m which included the approximate £125m spent on transfers in the 2009/10 season
. Whilst the club's hierarchy have noted that heavy investment on new players and modernisation of facilities has created the loss, investment is expected to abate in coming years now the club's infrastructure has been modernised and the squad has the necessary strength to challenge at the top.
As of 23rd September 2009, the club has been fully owned by Sheikh Mansour
, one of football's wealthiest owners
, with an estimated individual net worth
of at least... Read More