Manchester City has announced record-breaking revenues for the third consecutive year, reaching £715 million ($902.76 million) for the financial year ending June 2024. This figure represents a modest increase from last year’s £712 million, reflecting the club’s ongoing commercial success.
The Premier League champions also posted a pre-tax profit of £73.8 million, an 8% drop from the previous year. Despite this decline, City has maintained a streak of profitability in all but one financial year since 2014-15, the exception being the COVID-impacted 2019-20 season.
City’s revenue growth was fueled by higher matchday income and commercial deals. However, a reduction in broadcasting revenue, attributed to their early Champions League exit in the quarter-finals, weighed on their overall earnings. Notably, the club achieved a record £139 million profit from player sales during the period.
Chairman Khaldoon Al Mubarak praised the club’s meticulous planning and relentless ambition, stating that their pursuit of excellence extends beyond the pitch. Despite securing their fourth consecutive Premier League title in 2023-24, City was unable to replicate their Champions League success from the previous campaign.
Off the field, the club continues to navigate challenges, including the 115 Premier League rule breaches they were charged with last season. These allegations include providing inaccurate financial details and failing to cooperate with investigations. Manchester City has reiterated its commitment to transparency and compliance, emphasizing confidence in the independent commission’s review of the case.
Currently, Manchester City sits fourth in the Premier League, trailing leaders Liverpool by eight points. The club’s financial report also highlighted potential risks and uncertainties that could impact future performance.
