Manchester City have announced a Premier League record revenue of £715 million in their latest accounts ending on June 30, 2024.
This is an impressive increase from the previous record of £712.8 million, reflecting Manchester City’s steady growth despite facing challenges in replicating their historic Treble win from 2023.
Last season, the club achieved an unprecedented fourth consecutive English title, along with victories in both the Club World Cup and European Super Cup.
Wages have seen a reduction of £10.3 million, bringing the total down to £412.6 million, which helped the club post an overall pre-tax profit of £73.8 million. Additionally, commercial revenue has seen a slight rise from £341.4 million to £344.7 million. Since the 2014-15 season, the club has recorded an annual profit every year, apart from the Covid-affected 2019-20 season.
Manchester City has also reported a total profit of £92.8 million from transfer deals made since the end of June, which includes key player sales such as Julian Alvarez, Joao Cancelo, and Liam Delap. This positions the club well to enhance manager Pep Guardiola’s squad in the upcoming transfer window, especially in light of their recent challenges where they secured only one win in their last ten matches.
Chairman Khaldoon al-Mubarak emphasized the organization’s unwavering ambition to achieve exceptional targets, highlighting the importance of collaborative learning and strategic planning that have become integral to the club’s system since His Highness Sheikh Mansour became the owner of the side in 2008.
Manchester City’s latest financial accounts do not delve into the ongoing discussions regarding the Associated Party Transaction (APT) rules or the Premier League’s examination of alleged financial breaches. However, the club has publicly welcomed a thorough review of the matter by an independent commission, confident in the validity of their position.
In terms of financial commitments at the club, amounts owed by group undertakings have risen to £267.4 million, and other external charges increased to £172.4 million. The club is also actively investing in its future with a £300 million expansion of the North Stand to boost Etihad Stadium’s capacity to 60,000 by Euro 2028. Furthermore, Khaldoon confirmed plans to open a new women’s training facility during the 2025-26 season, underlining the club’s commitment to development across all levels.