Manchester City has reported a Premier League record revenue of £715 million for the 2023-24 season, surpassing their previous record of £712.8 million. This highlights the club’s continued growth, even as they face challenges in replicating their historic Treble success from 2023.
Last season, City secured a fourth consecutive English title, along with wins in the Club World Cup and European Super Cup.
Wages have been reduced by £10.3 million, now standing at £412.6 million, which contributed to an impressive pre-tax profit of £73.8 million. Commercial revenue also saw a slight increase, rising from £341.4 million to £344.7 million. Since the 2014-15 season, City has consistently posted annual profits, with the exception of the Covid-affected 2019-20 season.
The club reported a total profit of £92.8 million from player sales, including Julian Alvarez, Joao Cancelo, and Liam Delap. This positions them well to strengthen Pep Guardiola’s squad in the upcoming transfer window, particularly after a challenging period that saw only one win in their last ten matches.
Chairman Khaldoon al-Mubarak emphasized City’s ongoing ambition to reach exceptional goals, highlighting the importance of strategic planning and collaboration, which have been key since Sheikh Mansour’s ownership began in 2008.
City’s financial report did not address the ongoing discussions around Associated Party Transaction (APT) rules or the Premier League’s investigation into alleged financial breaches. However, the club has expressed confidence in their position and welcomed the independent commission’s review.
The club’s group undertakings now owe £267.4 million, while external charges have increased to £172.4 million. City continues to invest in their future, with plans to expand the Etihad Stadium’s capacity to 60,000 by Euro 2028 and a commitment to opening a new women’s training facility in the 2025-26 season.
