Manchester City’s remarkable journey culminated in a Champions League victory over Inter Milan in Istanbul five months back, marking an end to their extensive pursuit of the title.
The club has achieved a groundbreaking financial milestone, recording a Premier League high of £712.8 million in revenue for the 2022-23 fiscal year. This figure surpasses Manchester United’s previous month’s record of £648.4 million and shows a significant £99.8 million increase from last year.
Moreover, Manchester City’s profits soared to £80.4 million, a notable leap from their prior record of £41.7 million.
This financial success accompanies their on-field achievements, where they mirrored Manchester United’s 1999 feat by securing the Treble – winning the Premier League, FA Cup, and Champions League in a single season.
Although their revenue falls short of Barcelona’s €990 million (£861.43 million) in 2019, some have questioned the legitimacy of Barcelona’s figure due to certain extraordinary additions.
Khaldoon al-Mubarak, City’s chairman, shared his vision following the Champions League victory and the Treble. He emphasized the club’s commitment to its winning philosophies and practices, striving for continual innovation and performance enhancement both on and off the field.
“We aim to redefine industry standards, drawing lessons from our triumphs and setbacks. Our current financial robustness and sporting achievements lay a foundation for future investments and excitements,” al-Mubarak stated.
He expressed confidence in the club’s ability to reach even greater heights in the upcoming years.
The financial report shows growth in all key revenue areas, with broadcast revenues up by 20.2% to £299.4 million, largely credited to their Champions League and FA Cup victories.
On a disciplinary note, the club was referred to a commission on 6 February 2023 for alleged Premier League rule violations. However, the club has welcomed the review, asserting they have undeniable evidence to support their case.
The club’s wage expenses rose by nearly £70 million, reaching £422.89 million. Additionally, they are committed to over £262 million in various player-related expenses, subject to certain conditions.
Manchester City reported a £121.7 million profit from player trading during this period. Noteworthy transactions after 30 June, including the arrivals of Jeremy Doku, Mateo Kovacic, Josko Gvardiol, and Matheus Nunes, and the departures of Cole Palmer, Riyad Mahrez, Aymeric Laporte, and James Trafford, resulted in an approximate cost of £84 million to the club.
Frequently Asked Questions (FAQs) about Manchester City Financials 2022-23
What record revenue did Manchester City post for the 2022-23 financial year?
Manchester City set a Premier League record by posting a revenue of £712.8 million for the 2022-23 financial year, surpassing Manchester United’s record of £648.4 million.
How much profit did Manchester City make in the 2022-23 financial year?
Manchester City achieved a profit of £80.4 million in the 2022-23 financial year, which was a significant increase from the previous year’s record of £41.7 million.
What on-field achievement did Manchester City accomplish in the same season as their financial success?
In the same season as their financial success, Manchester City won the Treble – Premier League, FA Cup, and Champions League – becoming the second English club after Manchester United in 1999 to achieve this feat.
How did Manchester City’s revenue compare to Barcelona’s record revenue?
Manchester City’s revenue of £712.8 million was less than Barcelona’s record revenue of €990 million (£861.43 million) in 2019, although the validity of Barcelona’s figure has been questioned.
What was the increase in Manchester City’s broadcast revenues?
Manchester City’s broadcast revenues increased by 20.2% to £299.4 million, primarily due to their success in the Champions League and FA Cup.
What was the response of Manchester City to the Premier League’s referral for alleged rule breaches?
Manchester City welcomed the review by the Premier League for alleged rule breaches and stated they have irrefutable evidence to support their position.
What significant player transactions did Manchester City make after June 30?
After June 30, Manchester City conducted significant player transactions, including the arrivals of Jeremy Doku, Mateo Kovacic, Josko Gvardiol, and Matheus Nunes, and the departures of Cole Palmer, Riyad Mahrez, Aymeric Laporte, and James Trafford, costing approximately £84 million.
More about Manchester City Financials 2022-23
- Manchester City’s Champions League Triumph
- Premier League Financial Records
- Manchester City’s Treble Win
- Comparison of Manchester City and Barcelona Revenues
- Manchester City Broadcast Revenue Growth
- Premier League’s Alleged Rule Breaches Investigation
- Manchester City’s Player Trading and Transfers
5 comments
The numbers are impressive but what about the human element, player welfare and all? hope the club is also focusing on that.
These figures are staggering! It’s not just about the football anymore, it’s big business, isn’t it? impressive but kinda scary too.
isn’t it a bit unfair how much money some clubs have? like how can smaller teams compete…
Wow, Man City really broke the bank this year! their profits are through the roof, amazing what winning can do for a club.
interesting to see if these financial successes can be sustained, especially with all the scrutiny over financial fair play.