Annual report released - record turnover of £535.2m for 2018/19

Any views as to why commercial income has fallen?

Edit: Found a note in the accounts which would partly explain it:

"A reduced number of concerts held at the Etihad Stadium (2019: 5 nights; 2018: 8 nights) masks continued commercial growth in our partnerships, image rights, merchandising, and stadium tour businesses." That can only explain it in part.
 
Any views as to why commercial income has fallen?

Edit: Found a note in the accounts which would partly explain it:

"A reduced number of concerts held at the Etihad Stadium (2019: 5 nights; 2018: 8 nights) masks continued commercial growth in our partnerships, image rights, merchandising, and stadium tour businesses." That can only explain it in part.
The beer is getting worse
 
So did City really have to put our Seasoncards up by £30 again?

Was that £1.5m or however much it was really worth pissing everyone off and seeing more fans drop away from our support or more fans drop out of Cup Schemes?

It would have still been a hugely impressive figure if it was £533.7m, wouldn’t it?
 

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