City looking to increase commercial revenues
By Guest writer, Thu 24 March 2016 08:37
Club to provide new manager with substantial transfer budget
Manchester City revealed a bottom line profit of £10.7m for the 2014/15 season, the first annual profit since the takeover by Sheikh Mansour is 2008. The profit was driven by club record revenues of £351.8m, including a 4% rise in commercial revenues to £173m.
City have a string of lucrative contracts with the likes of Etihad Airways, Nike, Nissan and SAP, whilst deals have recently been struck with companies such as Wix (the Israeli website-building company), and Coco Joy, an all-natural coconut product portfolio.
With Pep Guardiola due to take over at City on July 1st, the club are looking to increase revenue further in order to build a substantial transfer budget for the incoming manager. There are unconfirmed rumors that a leading Premier League team, possibly City, are in the final stages of a deal signing with a binary options broker named Binary Uno, but no further details have been disclosed so far regarding the nature of terms.
The Blues have been linked with a raft of players, including the likes of Paul Pogba, Ilkay Gundogan, John Stones and Aymeric Laporte, and City's commercial team, led by Ferran Soriano, are working frantically behind the scenes on deals to finance such moves.