Manchester City's success on the pitch last season was reflected in the club's revenue, rising to 535 million pounds ($ 692 million), for a fifth consecutive year.

With a 20% increase in television broadcast revenue at City, rising from £ 500.5 million in the 2017-2018 season.

Josep Guardiola's men completed an unprecedented four, winning the Premier League, the FA Cup, the League Cup and the Charity Shield.

The sale of a group of players unable to break into the first team helped raise profits to £ 10.1 million.

The club said: "The season saw six titles at the level of senior teams, both men and women, which included the men's team win all four local titles."

Prior to the 2008 takeover of Manchester City by His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, the club's revenues were close to £ 87 million.

The team's results over the past five years, including four Premier League titles in the last eight years and a permanent Champions League qualification, have led to a surge in commercial revenue and television broadcasting returns.

“As directed by His Highness Sheikh Mansour bin Zayed Al Nahyan, our organization is now maturing, enabling us to plan for many years ahead in terms of our management of the team, and more broadly across the business,” said Khaldoon Al Mubarak, Chairman of the Hero of England.

“This strategic planning has allowed us to create an environment where continued success on the ground is both possible and possible, and financial sustainability is a reality.”

Despite City's tremendous progress, they still lag far behind their city rivals, Manchester United, which hit £ 627 million last season but narrowed the gap.

United's revenue this season is expected to drop to around 560 million pounds and 580 million pounds for not playing in the Champions League, bringing the gap between them.

City's figures for the season will also be boosted by a record £ 65 million club deal with Puma for the next 10 years.

Last season Manchester City retained their Premier League title, one point ahead of Liverpool.

This season, City are now fourth, nine points behind leaders Liverpool.