Man City is "set to announce a second successive year in profit," according to James Robson of the London DAILY MIRROR. Man City moved into profit for the first time since Owner Sheikh Mansour's '08 takeover in October and Chair Khaldoon Al Mubarak "has confirmed the feat will be repeated." The news comes as new Manager Pep Guardiola "prepares a summer spending spree at the Etihad." As well as being a "major boost for the incoming manager, the news also dismisses concerns over UEFA’s controversial Financial Fair Play regulations," which City was found in breach of in '14. Al Mubarak: "We have made a profit again. We are constantly moving in the right direction financially as a club and that’s one of the things I’m particularly proud of" (DAILY MIRROR, 6/8). SKY SPORTS reported the organization which owns Man City has revealed it "wants to add another club to its growing portfolio of sides around the world." The City Football Group has "four teams as subsidiaries in different continents, with the Etihad Stadium side its showcase acquisition." CFG also has stakes in Major League Soccer side New York City FC, A-League side Melbourne City and J.League club Yokohama F Marinos. Al Mubarak said that the group "is looking to expand further and is currently assessing its options." He said, "Melbourne, New York and Yokohama are developing well. We have an ambition as a football group to have an organization that is global and that will have multiple clubs as part of it. I would say when the opportunity arises -- and we are looking at opportunities -- you can expect us to add to the number of clubs we have already within the organization" (SKY SPORTS, 6/8). In Abu Dhabi, Mustafa Alrawi reported Al Mubarak said that Mansour’s commitment to Man City is "untouchable" and that his dream of a "financially sustainable football club had become a reality." Al Mubarak added that it is "too early for me to pinpoint" exactly where the investments could be. He did say that China is an "important market commercially for the group’s ambitions" (THE NATIONAL, 6/8).
