In the 2015-16 season, the Club reported its highest ever revenues, of £391.8 million. There was growth across all areas of the business. Most notably, matchday revenues rose by 21%, following the Etihad Stadium expansion, while broadcast revenues were up 19%, driven by City’s progression to the semi-final of the UEFA Champions League.
The Club hosted a total of 28 games at the Etihad Stadium this season, with record attendances as a result of the expanded stadium, and a corresponding uplift in matchday revenue.
On 1 December 2015, the consortium of CMC Holdings and CITIC Capital invested US$400 million to take a shareholding of just over 13% in City Football Group. The deal values the City Football Group at US$3 billion.
The investment by CMC and associated activities in China presents an unrivalled opportunity in the region, and Manchester City’s expanded commercial presence in China has already delivered results.