Manchester City have revealed a record-breaking revenue of £715 million for the financial year ending 30 June 2024, setting a new Premier League benchmark.
This surpasses their previous best of £712.8 million by £2.2 million.
Despite not replicating their historic Treble triumph of 2023, City secured their fourth consecutive Premier League title and added victories in the Club World Cup and European Super Cup.
The club reported a pre-tax profit of £73.8 million, alongside a reduction in wages by £10.3 million to £412.6 million.
Commercial revenue experienced a modest increase, rising from £341.4 million to £344.7 million. Furthermore, City confirmed a net profit of £92.8 million from transfer dealings after June, including the sales of Julián Álvarez, João Cancelo, and Liam Delap.
Since the 2014-15 season, City have consistently recorded annual profits, with the sole exception of the COVID-affected 2019-20 campaign.
The club is strategically positioned to strengthen Pep Guardiola‘s squad in the January transfer window, a move likely needed after their recent dip in form with just one win from their last ten matches.
City’s chairman, Khaldoon Al Mubarak, highlighted the organisation’s relentless pursuit of excellence, attributing their sustained success to detailed planning and a collaborative culture established since Sheikh Mansour’s ownership began in 2008.
“Our ambition to target and achieve the unprecedented defines who we are,” Al Mubarak stated. “Our DNA is built on a foundation of continuous improvement, both on and off the pitch.”
City’s financial performance is juxtaposed with recent struggles on the pitch. A midweek Champions League loss to Juventus puts them at risk of missing out on a play-off spot, threatening their revenue from the competition, which brought in £111.8 million during their victorious 2023 campaign.
As they prepare for Sunday’s Manchester derby, City sit fourth in the Premier League, trailing leaders Liverpool by eight points, with Liverpool holding a game in hand.
Chief Executive Ferran Soriano dismissed any notion of complacency following their Treble success. “The relentless pursuit of beautiful football, operational excellence, and constant innovation requires unwavering resilience and effort,” he asserted.
City’s accounts reference their ongoing £300 million North Stand expansion, which will increase Etihad Stadium’s capacity to 60,000 ahead of Euro 2028. Additionally, the club plans to open a new women’s training facility during the 2025-26 season.
The financial statement briefly mentions the club’s legal dispute with the Premier League over 115 alleged financial breaches, reaffirming City’s confidence in their “irrefutable evidence” to defend their position.
The latest accounts reveal a rise in “amounts owed by group undertakings,” climbing from £151.4 million in 2023 to £267.4 million. External charges also increased significantly from £124 million in 2022 to £172.4 million.
BBC Sport has approached the club for clarification on these figures.
Manchester City’s financial resilience, paired with their infrastructure investments, underscores their position as a dominant force in football. However, on-field challenges and ongoing legal disputes highlight the complexities of maintaining success in an evolving football landscape.
