Triple champion Manchester City earned record revenue of 712.8 million pounds (about 818 million euros) last season. This is £99.8 million more than the same period last year. In its annual report for the 2022/23 season, the Champions League winners and English football champions also announced a record profit of 80.4 million pounds (about 92.3 million euros) on Wednesday. This is an increase of £41.7 million.
City recorded significant year-on-year growth in each of its three main sources of income: advertising, media rights and matchday revenue. The club has won five of the last six Premier League titles since being taken over by the ruling family of the Arab Emirates of Abu Dhabi under coach Pep Guardiola. The previous season also saw victories in the Premier Class and the FA Cup.
City have recently faced allegations of financial fair play breaches due to their spending on standout strikers Erling Haaland, Kevin De Bruyne and Jack Grealish. In 2020, City avoided UEFA’s two-year ban from European competitions before the International Court of Arbitration for Sport (CAS). The Premier League is charging City with almost 80 alleged breaches of its financial rules and another 30 for allegedly failing to cooperate with the investigation.