90 MIN
- Man City announce British-record revenue in excess of £700m
- 2022/23 season saw club win treble and first-ever Champions League crown
- Chairman Khaldoon Al-Mubarak reveals club will double down on investment
Manchester City have revealed a record-breaking set of accounts for the 2022/23 season that saw the club rake in a monstrous £712.8m revenue.
It is the most amount of money that any Premier League has taken in a single campaign and came as the men’s team dominated on the pitch by completing a Premier League, FA Cup and Champions League treble – only the second ever English team to achieve that feat.
The revenue is just shy of £100m more than City earned in 2021/22, while £712.8m far exceeds the previous Premier League record of £648.4m announced for last season by Manchester United just last month. Barcelona’s somewhat contested €990m (£861m) from 2018/19 is the world record.
With revenue skyrocketing, City also announced that profits have virtually doubled year on year, from £41.7m in 2021/22 to £80.4m in 2022/23.
Chairman Khaldoon Al-Mubarak called it the “greatest football and commercial year” in City’s long history, as well as saying it is “validation of a philosophy and sustained approach” since current owner Sheikh Mansour completed his 2008 takeover and changed the club’s fortunes.
Perhaps worryingly for rival teams, Al-Mubarak also said that the success City have enjoyed in recent months will only see them “double down” on what has already been working and set new targets…
