Al Mubarak: Man City financially sustainable

Khaldoon Al Mubarak

Manchester City chairman Khaldoon Al Mubarak has made assurances that the club's transfer spending is backed up by a sustainable financial model.

City are set for another transfer window of heavy spending, with the signing of Bernardo Silva (£43m) already complete, while Ederson (£34.7m) is close to completing his move from Benfica.

However, Al Mubarak insists that the Citizens' finances are healthy and moving in the right direction despite the expensive transfer dealings.

"It's very important because this club has to have a sustainable development strategy and that's what we have built over the years and that's what we have today," he said, according to Sky Sports.

"We've posted a profit of approximately £21m. We've hit record years in terms of revenue of about £392m. We are financially very strong.

"”We continue to be profitable, we will continue to be profitable and to grow our top and bottom line and that is important,” he added. “It is important because to maintain the legacy of this club, we have to maintain financial sustainability and stability.

"And that's been achieved and I would say today more than ever I know we have laid the right foundation and we are on a highway that's going in one direction and that's in the positive direction."