Manchester City posted record revenues of £715 million ($903 million) for the 2023-24 season, setting a new Premier League income record.
This increase came as the club secured a fourth consecutive Premier League title.
However, profits declined from £80.4 million in their treble-winning 2022-23 season to £73.8 million, largely due to a drop in broadcast income after failing to repeat their Champions League success.
City’s investments include a £300 million expansion of the Etihad Stadium’s north stand.
Chairman Khaldoon Al Mubarak remarked in the club’s annual report that their relentless ambition pushes them toward unprecedented targets.
The club’s strategy includes deliberate planning and a commitment to a collaborative learning culture, aiming for further evolution and growth in all business aspects.
Despite the financial success, City is currently struggling on the field, with only one win in their last 10 matches across all competitions.
They are at risk of failing to reach the Champions League last 16 and are eight points behind Premier League leaders Liverpool.
The club is also facing uncertainty over the 115 charges of alleged breaches of financial rules brought against them by the Premier League.
While City has strongly denied the charges, they could face penalties, including a points deduction or even relegation, if found guilty.
Article updated 1 month ago. Content is written and modified by multiple authors.
