Manchester City FC has set a Premier League revenue record of £712.8 million.
Manchester City’s annual report for the 2022-23 season has been released, confirming a second consecutive year of record-breaking revenues and profits.
The Citizens have reported a Premier League record revenue of £712.8m, an increase of £99.8m over the previous twelve months, which surpasses rivals Manchester United’s previous record of £648.4m set last month. City also reported profits of £80.4 million, nearly double the previous year’s club record of £41.7 million.
The figures come after a historic treble-winning season under manager Pep Guardiola, who led the club to a third successive Premier League title – their fifth in six seasons – a seventh FA Cup and their first-ever triumph in the Champions League, making them only the second English club, after Manchester United in 1999, to win all three trophies in the same season.
Man City, which surpassed Real Madrid to become the most valuable football club brand in the world and topped the 2023 Brand Finance Football 50 Report earlier this year, has seen significant year-on-year growth in their three main revenue streams of commercial, broadcast, and matchday.
Not only has the men’s team performed admirably across the board, but City has also seen a significant increase in ticket sales and average attendance for all games for the women’s team, as well as at the youth level with their Elite Development Squad and Under-18s, who won their respective league titles for a third consecutive year in 2022-23; several titles were also won at younger youth levels, all the way down to their Under-9s.
Manchester City FC | Clubs Stats
Man City also reported another year of social media and membership growth, as well as their best-ever year for TV viewing figures, with the club’s total audience reaching 786 million across all competitions – 28% more than the 2021-22 campaign.
In response to the report, chairman Khaldoon Al Mubarak told mancity.com: “In short, last season saw Manchester City achieve the greatest football and commercial year in its storied history.” The season validated a philosophy and consistent approach that has defined the club since His Highness Sheikh Mansour took over as custodian in 2008.
“It’s an approach that has always respected and built on the club’s nearly 130-year history.” It is founded on three key elements: putting all of the necessary ingredients in place to create football teams that excite, entertain, and win silverware; relentlessly strengthening the club’s sustainable commercial and financial positions; and maximising its ability to serve the growing communities in which it sits. We regard each of these components as equally important and completely interdependent.
“Behind the first-team trophies and financial headlines, and in opposition to these three areas of focus, there are less obvious, but equally important, outcomes.” For our Ownership, Board, and Executive Leadership, these results and metrics demonstrate that the club has never been stronger, nor has it had a greater potential to evolve and succeed.”
“In the aftermath of the UEFA Champions League win in Turkey and the completion of ‘The Treble,’ the question I was asked most frequently was, ‘How do you top that?'” Al Mubarak continued.
“The answer is to double down on the tried-and-true philosophies and practices that have brought us this success, while also challenging ourselves to constantly innovate in order to achieve new levels of performance both on and off the field.”
Club Players Stats
Man City have also announced that their net spend on summer player transactions is approximately £84 million, following the addition of four new senior players – as well as several academy signings – and the sale of 11 players.
Guardiola signed Josko Gvardiol, Mateo Kovacic, Jeremy Doku, and Matheus Nunes in the summer, while the club sold Riyad Mahrez, Aymeric Laporte, and Cole Palmer.
Man City currently lead the Premier League table, one point ahead of second-placed Liverpool, whom they face next on November 25, and have already qualified for the last 16 of the Champions League, despite being knocked out of the EFL Cup in the third round by Newcastle United.