Manchester City have released their annual financial report, which highlights record revenues for the club for the 21/22 season.
Headlines from the new #ManCityAnnualReport:
The Club has reported record revenues of £613 million and record profits of £41.7 million, the latter being more than double the previous Club record.
Full report ⬇️
— Manchester City (@ManCity) November 7, 2022
The Club reports to have reached revenues of a whopping £613m, the second highest recorded in English football, the highest set by United in 2019.
Reflective of one of the most exciting periods for the blues, Manchester City have also recorded their highest ever profits for last season of £41.7m – can’t wait to see what next year’s profits are after Haaland’s shirt sales.
Within the report, City credit this financial success to various aspects of the business, and to the fans, who have returned to the Etihad in their masses since the lockdown as a result of the pandemic.
The Clubs transfer business has also contributed to the increase in profits, City made an additional £67.7m in player sales, totalling £250m over a 5-year time period.
It is believed that this is only set to rise even further after the mass exodus at all levels in the summer of 2022, and the intelligent business conducted for incomings such as Haaland, Phillips, Ortega, Akanji and Gomez – all bargains.
Manchester City have also seen an increase in commercial revenues which has risen from the previous year from £271.7m to £309.5m. I suppose this is what happens with consistent club success at all levels.
Khaldoon had this to say:
Khaldoon Al Mubarak: “In 2008 we gave ourselves the target of exceeding the benchmarks that had been set by others within football; and in doing so, to also exceed the new standards that we believed leading clubs would achieve in the time it would take us to catch-up…”
— City Xtra (@City_Xtra) November 7, 2022
Isn’t it suspicious that a club with no fans can generate such revenues and profits? I am sure the usual media culprits will be dissecting each word of the report with all of their extensive expertise in financial affairs.