City post first profit since billion-pound Sheikh-up

MANCHESTER City FC has reported a profit of £10.7m - it's first suplus since its transformational acquisition in 2008 by Sheikh Mansour, a member of Abu Dhabi's royal family.

Since the takeover, the club has won the Premier League twice, the FA Cup, and League Cup. The stadium has been expanded, a world class £200m training and youth development facility on a brownfield site in East Manchester opened last year, while a host of top players have been signed for hundreds of millions of pounds.

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