Manchester City achieved a landmark in Premier League history last season by recording the highest-ever revenue for a club, generating £715 million, $903 million.
This marked an increase from £712.8 million in the previous year, reflecting the financial strength of the reigning champions as they clinched an unprecedented fourth consecutive league title for the season ending June 30.
Despite the revenue surge, City’s profits saw a dip, falling from £80.4 million during their treble-winning 2022-23 campaign to £73.8 million last season.
The decline was partly attributed to a drop in broadcast income, which stemmed from their inability to replicate their historic Champions League triumph in 2023.
The club continues to focus on long-term growth, including a £300 million project to expand the north stand at the Etihad Stadium.
In the club’s annual report, Chairman Khaldoon Al Mubarak reiterated their commitment to pushing boundaries,“Our constant ambition to target and achieve the unprecedented is a mark of the organisation 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 we have built. Our focus remains on further evolution and growth, and therefore on creating greater value in all aspects of our business.”
However, challenges loom for Pep Guardiola’s side, who are in the midst of a troubling spell, with only one win in their last ten matches across all competitions.
A midweek loss to Juventus leaves City on the brink of missing out on the Champions League last 16.
They now trail Premier League leaders Liverpool by eight points and face Manchester United on Sunday, hoping to end their poor run of form.
Adding to their troubles, the club awaits the outcome of 115 alleged breaches of Premier League financial regulations. City, maintaining their innocence, could face severe penalties, including a points deduction or relegation, if found guilty.
