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Thanks to Abu Dhabi sponsors, Man City cracks $650M in revenue

Al Ain v Manchester City

AL AIN, UNITED ARAB EMIRATES - MAY 15: Manchester City owner Sheikh Mansour bin Zayed Al Nahyan are pictured during the friendly match between Al Ain and Manchester City at Hazza bin Zayed Stadium on May 15, 2014 in Al Ain, United Arab Emirates. (Photo by Francois Nel/Getty Images)

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MANCHESTER, England -- Manchester City generated a club-record $655 million as it won the Premier League by amassing an unprecedented 100 points.

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The annual report for the 2017-18 financial year was released Thursday showing the Abu Dhabi-owned club made a profit of 10.4 million pounds.

City’s revenue has increased 44 percent in five years, fueled by the rise in value of television rights, progress in the Champions League and more lucrative sponsorship deals.

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Commercial deals are the biggest source of revenue, generating $304 million in the year to June 30.

Four of City’s nine global sponsors are Abu Dhabi companies. Sheikh Mansour, a member of Abu Dhabi’s royal family and deputy prime minister of the United Arab Emirates, bought City 10 years ago.