Manchester City have announced their record-breaking revenue of £712.8 million for the 2022–23 season.
The citizen had outlasted their neighbor Manchester United, who had a record of £684 million.
The Manchester City figure had risen to £613 million, and they had doubled their profit to £80.4 million from £41.7 million.
The 2022–23 season was one of the most successful for Manchester City as they won the Premier League, the Champions League, and the FA Cup in the said season.
Most of the additional TV revenue was attributed to the success of 2022–23, where Manchester City won the treble. This boosted commercial and broadcast revenue.
The club also boasted extra earnings of £50.4 million in broadcast earnings compared to the previous years.
Since the arrival of Erling Haaland from Borussia Dortmund in the 2022–23 season, wages have gone up to £60.4 million.
One of the reasons why wages at Manchester City went up was as a result of the bonuses that were given to the players after they won the historic treble.
Despite spending a huge amount on salaries, there was a 59% increase in the revenue of the club.
Other earnings were £121.7 million on player transactions, in addition to the net profit of the football club.
The football club sold Gabriel Jesus and Oleksandr Zinchenko to Arsenal, and they also transferred Raheem Sterling to Chelsea for a total of £125 million.
These increased the club's profit to £330 million due to the sales of those players over the past five seasons.
There were 31 matches played at the Etihad Stadium last season. It was four more matches than the 2021–22 season. The matchday revenue went from £17.3 million to £71.9 million.
However, Manchester City are currently facing 115 charges over the entire financial rules, which the football club denied.
The seven times Premier League winners were accused of failing to provide a true and fair view of the club’s financial position”, and failing to “include full details” of player and manager remuneration.
The charges are listed in the account in the risks and uncertainty section. Manchester City have a lot of evidence to support the idea of their innocence.
Manchester City's achievements
Champions League title in 2023, the Premier League nine times, and one Super Cup in the 2023–24 season. Cup winners in the 1963–64 season.
Also, Manchester City won the FA Cup seven times and the Carabao Cup eight times, a club record.
The club also won six community shields and three second-tier titles. They are one of the most successful teams on the Manchester side of England.
They have always attracted big managers to the club due to their successes over the years.
What do you think about the Manchester City increase in revenue? Air your views in the comments section.
The citizen had outlasted their neighbor Manchester United, who had a record of £684 million.
The Manchester City figure had risen to £613 million, and they had doubled their profit to £80.4 million from £41.7 million.
The 2022–23 season was one of the most successful for Manchester City as they won the Premier League, the Champions League, and the FA Cup in the said season.
Most of the additional TV revenue was attributed to the success of 2022–23, where Manchester City won the treble. This boosted commercial and broadcast revenue.
The club also boasted extra earnings of £50.4 million in broadcast earnings compared to the previous years.
Since the arrival of Erling Haaland from Borussia Dortmund in the 2022–23 season, wages have gone up to £60.4 million.
One of the reasons why wages at Manchester City went up was as a result of the bonuses that were given to the players after they won the historic treble.
Despite spending a huge amount on salaries, there was a 59% increase in the revenue of the club.
Other earnings were £121.7 million on player transactions, in addition to the net profit of the football club.
The football club sold Gabriel Jesus and Oleksandr Zinchenko to Arsenal, and they also transferred Raheem Sterling to Chelsea for a total of £125 million.
These increased the club's profit to £330 million due to the sales of those players over the past five seasons.
There were 31 matches played at the Etihad Stadium last season. It was four more matches than the 2021–22 season. The matchday revenue went from £17.3 million to £71.9 million.
However, Manchester City are currently facing 115 charges over the entire financial rules, which the football club denied.
The seven times Premier League winners were accused of failing to provide a true and fair view of the club’s financial position”, and failing to “include full details” of player and manager remuneration.
The charges are listed in the account in the risks and uncertainty section. Manchester City have a lot of evidence to support the idea of their innocence.
Manchester City's achievements
Champions League title in 2023, the Premier League nine times, and one Super Cup in the 2023–24 season. Cup winners in the 1963–64 season.
Also, Manchester City won the FA Cup seven times and the Carabao Cup eight times, a club record.
The club also won six community shields and three second-tier titles. They are one of the most successful teams on the Manchester side of England.
They have always attracted big managers to the club due to their successes over the years.
What do you think about the Manchester City increase in revenue? Air your views in the comments section.