Manchester City have announced club-record revenues of £715million in their latest annual accounts, alongside profits of £73.8m.
City’s revenue has grown £2.3m since last year, while their profit is down slightly on the £80.4m they posted from the club’s treble-winning campaign, which was boosted significantly by prize money from winning the Champions League.
The report also highlights that City have made £405m in player sales over the past five years. That includes £139m for the current period — up until June 30 2024 — an increase on the £121.7m from the previous year. This, the club says, has driven the club’s profits.
Matchday revenue has also risen £3.7m to £75.6m, despite playing five fewer home matches compared to the treble-winning season.
Earlier this year, supporters campaigned against rising ticket prices, with many calling for season ticket price freezes at a time when City’s finances are thriving.
The club also say City’s men’s and women’s teams in 2023-24 were watched by an audience of 694 million across all competitions while the club’s social media channels, including Facebook, Instagram, X, YouTube and TikTok, reached more than 10 billion people.
The report is published as the club faces a decision over 130 charges by the Premier League for alleged financial wrongdoing.
Pep Guardiola’s side have won just once in their past 10 matches and sit fourth in the Premier League, eight points off leaders Liverpool who have a game in hand. City face rivals United in the Manchester derby on Sunday.
What does this mean for City?
Analysis by Sam Lee
One of the headline figures from this report is the £139m made from player sales, which suggests that the club is in a healthy position in terms of the Premier League’s profit and sustainability rules.
At a time when the club are struggling on the pitch and rumoured to be ready to rebuild the squad over the next two transfer windows, the club can certainly consider themselves in a position to spend — especially because the figures do not include the sales of Julian Alvarez and Joao Cancelo, which brought in more than £100m.
That money may be needed elsewhere if City are found guilty of the charges against them, but the club has always been bullish regarding their chances. Either way, it might not be too much longer before we discover the independent panel’s findings.
(Top image: Charlotte Tattersall/Getty Images)
