Manchester City has set a new Premier League record with an unprecedented revenue of £715m, despite challenges.
- The record-breaking revenue is an increase of £2.2m from the previous year, with profits reported at £73.8m.
- Commercial and matchday revenues rose, countering a dip in broadcast income due to their early Champions League exit.
- Chairman Khaldoon al-Mubarak credits a culture of continuous improvement and collaboration for the club’s success.
- The club faces scrutiny from the Premier League over alleged financial rule breaches, but remains focused on growth and expansion.
Manchester City has achieved an impressive milestone, setting a new Premier League record with revenue totaling £715 million. This notable increase of £2.2 million from the previous fiscal year highlights the club’s robust financial health, with overall profits climbing to £73.8 million.
Despite a decrease in broadcast revenue, which fell by £4.7 million due to the team’s earlier exit from the Champions League quarter-finals, Manchester City managed to offset this with a rise in commercial revenue by £3.3 million, reaching £344.7 million. Additionally, matchday income saw an uptick of £3.7 million, further solidifying the club’s financial status.
City’s strategic player transfers contributed significantly to their financial success, with profits from these activities amounting to £139 million. Chairman Khaldoon al-Mubarak attributes this achievement to the club’s relentless pursuit of goals and a deeply ingrained culture of thorough planning and teamwork. ‘Our constant ambition to target and achieve the unprecedented is a mark of the organization that we have become,’ he stated.
On the global stage, Manchester City’s influence continues to grow. The club drew a record global television audience of 694 million viewers, maintaining its position as the world’s most-watched football club for a second straight year. Their media division, City Studios, has also thrived, producing popular content like the Netflix docuseries ‘Together: Treble Winners,’ which has garnered over 11 million streams.
Locally, Manchester City is expanding its reach with the development of a £300 million north stand expansion at the Etihad Stadium. This project, aimed at enhancing fan experience, will increase stadium capacity to over 60,000 and include new amenities such as a hotel and restaurants. These efforts are part of the club’s commitment to delivering a year-round entertainment destination.
Amid these developments, Manchester City finds itself under scrutiny regarding alleged breaches of Premier League financial rules. However, the club has expressed confidence in their position, welcoming the review by an independent commission to assess the evidence supporting their case.
Manchester City’s financial resilience and strategic growth continue to set it apart, even amidst challenges.
