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Manchester City announces profit for first time in Sheikh Mansour era
Premier League leader Manchester City has posted a $22 million bottom-line profit for the 2014-2015 season.
Manchester City has announced an annual profit for the first time since Sheikh Mansour bin Zayed completed his takeover of the Premier League club in September 2008.
In its annual report covering the 2014-15 season, City announced a 10.7 million pound ($16.5 million) bottom-line profit for the period in question.
This return means City will not be hit by a repeat of the UEFA Financial Fair Play punishments that limited its squad size and transfer activity for the 2014-2015 campaign.
UEFA lifted the restrictions, along with similar sanctions imposed upon Ligue 1 champion Paris Saint-Germain, in July this year.
City's overall revenues hit record levels of $745.5m four years on from reporting a record loss of $413m in 2010-2011 after a significant outlay on players and infrastructure projects.