• Friday, December 01, 2023
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Champions League success pushes Man City revenues to record £712.8m

Champions League success pushes Man City revenues to record £712.8m

According to data from Manchester City’s official website, Premier League champions have posted record revenue of £712.8 million for the 2022/23 financial year on the back of winning last season’s UEFA Champions League trophy.

The club reported revenues of £712.8 million, an increase of £99.8m on the previous year.

The club’s three main income streams commercial, broadcast and matchday all showed significant year-on-year growth.

City was also named the most valuable football club brand in the world, topping the 2023 Brand Finance Football 50 report with a brand value of €1.51 billion, passing La Liga side Real Madrid (£1.46 billion). Manchester United were fourth at £1.36 billion.

Profits also benefited from significant transfer business with £121.7 million generated from player sales, up a significant 79.8 per cent over the previous 12 months.

The high point of the year’s success includes the men’s team winning the first UEFA Champions League, a third successive Premier League title and a seventh FA Cup, in a season that yielded a win percentage of over 72% in all competitions.

Speaking on the remarkable financial report and the cub’s achievements in the 2022/23 season, Chairman, Khaldoon Al Mubarak, said:

“The 2022/23 season saw Manchester City scale new heights and set new benchmarks,” Al Mubarak said in a statement.

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“Winning the Treble, the Champions League (for the first time), the Premier League (the third title in a row) and the FA Cup. Achieving record revenues and record profits. Winning the Ballon d’Or for best Men’s Club of the Year and being named the most valuable football club brand in the world. We can certainly say that the 2022/23 season was the best in the history of Manchester City.

“In short, last season saw Manchester City achieve the greatest football and commercial year of its storied history.

“The answer is by doubling down on the proven philosophies and practices that have brought us this success and challenging ourselves to continue to constantly innovate to achieve new levels of performance, on and off the field.

“Success today simply means further investment for tomorrow. Our financial health and on-field success mean everyone connected to Manchester City can look forward to the future with excitement.

“Our collective achievements give me huge confidence that together we can accomplish even more in the years to come.”

Commercial revenues accounted for £341.4 million, followed by broadcast at £299.4 million and then matchday at £71.9 million, for a profit of £80.4 million, nearly doubling the previous year’s record profit of £41.7 million.

Matchday revenue saw an increase of £17.4 million (32%) with a 99 per cent occupancy rate at the Etihad Stadium and four more home games played across all competitions. However, the average attendance of 53,249 fans over 19 Premier League games was just shy of their record of 54,130 set in 2018/19.

Broadcasting revenues climbed by £50.4m over the previous year (20.2%), primarily due to the club reaching and winning the Champions League and FA Cup finals.