Manchester City has reported record-breaking revenue following the release of its 2022/23 Annual Report. Off the back of last season’s treble-winning campaign, the club has seen another season of record revenue and profit.
The club reported revenue of £712.8 million for last season. It was an increase of £99.8 million on the previous season’s revenue. The treble winners also reported a profit of £80.4 million for their historic 22/23 season. That was an increase on last season’s record profit of £41.7 million.
Manchester City’s Premier League record for revenue in a season caps what was a remarkable 22/23 season for the club. Pep Guardiola’s side swept all before them to claim the treble, and the results on the pitch have translated to record revenue and profit off the pitch. City’s revenue of £712.8 million beat Manchester United’s record of £648.4 million which was announced last month.
Chairman Khaldoon Al-Mubarak was thrilled with Manchester City’s success on and off the pitch. He told mancity.com: “In short, last season saw Manchester City achieve the greatest football and commercial year of its storied history. The season was the validation of a philosophy and sustained approach that has defined the Club since His Highness Sheikh Mansour became its custodian in 2008.”
Since Sheikh Mansour purchased Manchester City the club has become one of the biggest in English and European football. It has been an era marked with on and off-the-field success something which the club is determined to maintain.
Manchester City have made a strong start to this season as they look to defend the treble this season. Even after setting a new record for revenue by a Premier League club and the treble last season the club will be determined to maintain their lofty standards.