Manchester City confirmed a Premier League-record revenue of £715m for the 2023/24 season, breaking their own record from the previous campaign in the process.
City posted £712.8m in revenue across 2022/23 but have managed to raise that sum by an extra £2.2m to record the highest revenue ever achieved by a team in England’s top flight.
An overall pre-tax profit of £73.8m was also reported, extending City‘s streak of profitable years which dates back to the 2014/15 season – ignoring the Covid-impacted 2019/20.
“Our constant ambition to target and achieve the unprecedented is a mark of the organisation that we have become,” said chairman Khaldoon Al Mubarak.
“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 that we have built.
“This organisational approach is now part of our DNA. It is a product of the unwavering focus on constant improvement, in every aspect of the organisation, that has been in place since His Highness Sheikh Mansour became the Club’s custodian in 2008.”
The next round of record revenues comes shortly after the hearing into the lengthy list of financial charges against City was concluded.
The Premier League have accused City of well over 100 breaches of financial regulations and are expecting a verdict on the case in the coming weeks, although a likely appeal from whichever side comes out on the losing end is likely to delay the final outcome until well into 2025.
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