The club’s report also highlights its significant income from player trading. City recorded a profit of £67.7million from transfers, a figure they expect to increase for the current season, which takes them to £250million profit over the past five years.
City chairman Khaldoon Al Mubarak said: “The statistics and results show that in many ways we are beginning to achieve our long-term ambition. As the 2021-22 season ended, our men’s team, under Pep Guardiola’s stewardship, lifted the Premier League trophy for the fourth time in five years; our youth teams won the U18 league titles and the Premier League 2 for the second successive year.
“A clean sweep of Premier League titles two years in a row. In addition, our women’s team qualified for the Champions League for the seventh successive season. Over the summer, seven City players went on to lift the UEFA Women’s EURO 2022 trophy.
“Important off-field metrics also gave us the right indications. Our motivation to place the COVID-19 pandemic firmly behind us helped our talented people achieve the most successful financial year in the Club’s history; the best players in world football are making us their destination of choice; our player trading was executed with great skill and positive financial outcomes, and our commercial partnerships continued to deepen and expand by geography and sector.”
Ferran Soriano, City’s chief executive officer, added: “From a business perspective, this was the first season in which we could begin to put the financial impact of the COVID-19 pandemic behind us, and we did it breaking Club records for both revenues and profits.
“Our strong revenue performance was due to multiple factors, but ultimately driven by the ‘beautiful football’ we play and the continuous fan growth that it generates; more fans, more audiences, more people in the stadium, and more partners that want to be commercially associated with Manchester City.”
(Photo: Getty Images)
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The Club has reported revenues of £712.8 million, an increase of £99.8 million on the previous twelve months and profits of £80.4 million – nearly double that of the previous year's record of £41.7 million.
In the 2021/22 season, English Premier League clubs generated more revenue than all Bundesliga and La Liga clubs combined, with a total revenue of around 6.44 billion euros.
The club's first Champions League triumph helped boost broadcasting incomes, while an expanding portfolio of commercial partnerships meant that revenue streams outstripped rivals Manchester United for the third consecutive year.
The reigning Champions League, Premier League and FA Cup champions have reported record revenues on £712.8m -- an increase of £99.8m ($124m) on the previous year -- in the club's Annual Report for the 2022-23 season. City's profits increased to £80.4m from £41.7m the year prior.
Leading soccer clubs worldwide 2022-2023, by revenue
In the 2022/23 season, Real Madrid had the highest revenue out of any soccer club worldwide, generating around 831.4 million euros. Manchester City placed second, with a total revenue of 825.9 million euros.
However, City's transfer debt shot up £68m from £136m to £204m, which is their highest ever. Of this, £139m needs to be paid within the next 12 months.
Welcome to the vibrant and electrifying Etihad Stadium in Manchester, home to the newly crowned treble winners, Manchester City. Owned by the Manchester City Council, Manchester City FC has signed a 250-year lease to rent the stadium for £3 million per annum.
Following a rapid rise through the rankings, with the club having only broken into the top five for the first time in 2015/16, Manchester City retained its position at the top of the Money League. The club posted a Premier League record commercial revenue of €373m in 2021/22, a growth of €65m from the previous season.
Manchester City's $888M in revenue earnings sets Premier League record. Manchester City's “unprecedented commercial success” making $888M in revenue during the 2022-23 season has “set a new Premier League record,” according to Simon Bajkowski of the MANCHESTER EVENING NEWS.
The club saw operating profits of £27.5 million in the last quarter of 2023, as well as a net income of £20.4 million. Basic earnings per share was 12.49 pence.
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