In an official statement released on Wednesday, Manchester City stated that the 2022–2023 sports season had seen record-breaking financial profits. Due to the first team’s exceptional success in both domestic and European tournaments, the club’s income climbed dramatically from the previous season, making it the most lucrative club in England.
City reported bringing in £712.8 million in revenue, up £99.8 million from the previous campaign. With a net profit of £80.4 million, the club more than doubled its previous season’s earnings.
Manchester City‘s statement made clear that the club’s increased earnings and revenue were due to a combination of television broadcasting revenue and a well-implemented marketing and advertising plan. It was also mentioned that Manchester City, with a market value of 1.51 billion euros, is regarded as the most valuable club in the world.
Manchester City chairman Khaldoon Al Mubarak made the following statement in response to the team’s remarkable financial results: “In summary, Manchester City had its best year in its rich football and commercial history in the last season, confirming the club’s philosophy since Sheikh Mansour took ownership in 2008.”
“Success today simply means more investment for tomorrow,” Al Mubarak said. “With our solid financial standing and on-field accomplishments, everyone connected to Manchester City can look forward to the future with excitement. With our combined accomplishments, I have every expectation that we will do even more in the years to come.”
In the 2022-23 season, Manchester City, currently topping the Premier League, enjoyed a stellar performance, clinching four titles. This remarkable achievement included an extraordinary domestic treble with victories in the English Premier League, Champions League, and FA Cup, along with securing the Super Cup at the beginning of the new season.