After achieving his first treble last season, the City of Manchester reported this Wednesday that the sporting success was accompanied by record revenue, the highest revenue in its history and recognition as the most important soccer brand in the world.
The club, majority-owned by Sheikh Mansour since August 2008, had revenues of 712.8 million pounds (about 890 million euros) until June 2023, according to Manchester City FC Ltd.’s annual report, representing an increase of 99.8 million (16.3%) compared to the previous season, with a record net profit of 80.4 million pounds (about 92 million euros).
“In the 2022-23 season, Manchester City has reached new heights and set new benchmarks,” city president Khaldoon Al Mubarak said in a statement. “In summary, last season Manchester City achieved the best footballing and commercial year in its history.”
The city has experienced growth over the past year across all sources of commercial, matchday and broadcast revenue. Commercial revenue rose to £341.4m, followed by broadcast at £299.4m and then daytime at £71.9m, for a profit of £80.4m, almost doubling last year’s record profit of £41. .7 million pounds.
An occupancy rate of 99% at the Etihad Stadium
Matchday revenue increased by £17.4m (32%) with a 99% occupancy rate at the Etihad Stadium and four more home games played in all competitions, although average attendances of 53,249 fans over 19 games in the Premier League he is just shy of his record of 54,130 in 2018-19.
Broadcasting revenue increased by £50.4m on the previous year (20.2%), mainly due to the club reaching and winning the Champions League and FA Cup finals. Revenues also benefited from key player trades with £121.7m generated from transfers, a significant 79.8% increase on the previous 12 months.
City took the top spot in the Brand Finance Football 50 list with a brand value of £1.51bn, overtaking LaLiga’s Real Madrid (1.46bn). Manchester United is in fourth place with 1.36 billion.
It was the first time an English club had been ranked number one since 2018 and the report cited City’s decade of on-field dominance and the highest revenue of any of the clubs in the report as the main reasons for their rise in rank. .
City also topped the Deloitte Football Money League for the second consecutive year with the highest revenue of any European football club, ahead of runners-up Real Madrid.
Independent commission for accusations of Premier
In early 2023, the Premier League charged City with more than 100 breaches of rules requiring the club to provide “additional financial information that provides a true and fair view of the club’s financial position,” it said of the league in a statement. February 2.
Wednesday’s financial report responded to the charges, saying: “In February 2023, in response to the charges, the Club issued a public statement accepting the review of the matter by an independent commission, to be impartial to consider the entire body of irrefutable evidence that exists in support of his position.
Source: La Verdad
I am Shawn Partain, a journalist and content creator working for the Today Times Live. I specialize in sports journalism, writing articles that cover major sporting events and news stories. With a passion for storytelling and an eye for detail, I strive to be accurate and insightful in my work.
