Manchester City has achieved another Premier League record, with the highest revenue in the league’s history – £715m.
That’s an increase of £2.2m year on year with profits of £73.8m.
The figure came even though its broadcast revenue fell during the year. The £297.4m was a decrease of £4.7m because the men’s team were knocked out at the quarter final stage of the Champions League, which they won the previous season.
However, commercial revenue increased £3.3m to £344.7m and matchday income also increased by £3.7m. The club reported strong transfer windows, making £139m profits selling players.
Writing, presumably before the results of the last few weeks, City chairman Khaldoon al-Mubarak said:
“Our constant ambition to target and achieve the unprecedented is a mark of the organisation that we have become. On and off the field, our passion for the next challenge is underpinned by deliberate and detailed planning and a shared belief in the collaborative learning culture that we have built. This organisational approach is now part of our DNA.
“It is a product of the unwavering focus on constant improvement, in every aspect of the organisation, that has been in place since His Highness Sheikh Mansour became the Club’s custodian in 2008.”
Chief Executive, Ferran Soriano added:
“Manchester City continued to grow globally. Our matches attracted a global television audience of 694 million, making us the most-watched football club worldwide for the second consecutive year. City Studios continued to develop high quality media content, among them, the Netflix docuseries Together: Treble Winners, which has achieved more than 11 million streams, so far. Overall, our digital platforms connected with more than 186 million followers and generated more than 1.5 billion interactions.
“Locally, our games at the Etihad Stadium continue to offer fantastic matchdays experiences, with our Fanzone ranked the league’s best for the third consecutive year. Supporters can already see the construction of the transformative £300 million north stand expansion, that will increase the capacity to over 60,000, introducing a hotel, restaurants and other attractions. Together with our Co-op Live concert arena, opened this year, will constitute an all-year-round entertainment destination that we are sure will amaze visitors.”
There are just 2 short paragraphs in the results referring to the club’s current case with the Premier League over alleged financial rule breaches.
“On 6 February 2023, in accordance with Premier League Rule W.82.1, the Premier League referred a number of alleged breaches of the Premier League Rules by Manchester City to a Commission under Premier League Rule W.3.4.
“In February 2023, in response to the charges, the Club issued a public statement that it welcomes the review of this matter by an independent Commission, to impartially consider the comprehensive body of irrefutable evidence that exists in support of its position.”
