Man City close on Man United after publishing financial results

Manchester City have released their latest financial results.

City have made further revenues over the last year, but still fall short of city rivals Manchester United, even though the Old Trafford club were absent from the lucrative Champions League last season. The club have generated £351.7m over the course of the 2014/15 season, the first time the club has surpassed the £350m mark since Sheikh Mansour bin Zayed Al Nahyan's 2008 takeover. City now boast a greater revenue than Arsenal for the first time, but their chairman Khaldoon Al Mubarak  recognised the "disappointment" of last season. “No team can expect to win every year, but competing to win in England’s domestic competitions and improving our performance in the UEFA Champions League are entirely reasonable goals for Manchester City. “The desire for silverware has always been a critical element of his Highness Sheikh Mansour bin Zayed's strategy for the reinvigoration of Manchester City FC both on and off the pitch. It’s a strategy predicated on long-term sustainability and the ongoing development of momentum year-after-year.