Manchester City has today released its Annual Report for the 2022-23 season confirming a second successive year of record-breaking revenues and profits, along with wider growth across all areas of the Club following a historic Treble winning season.
The Club has reported revenues of £712.8 million, an increase of £99.8 million on the previous twelve months, and profits of £80.4 million, nearly double that of the previous year’s record of £41.7 million.
The Club’s three main income streams of commercial, broadcast and matchday all showed significant year-on-year growth, reflecting the Club’s continued commercial momentum of recent years, the outcome of the ongoing delivery of a multi-decade strategy.
Chairman, Khaldoon Al Mubarak, said:
“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.
It’s an approach that has always respected, and continuously built upon, the Club’s near 130-year history. It is founded on three key elements: putting in place all of the necessary ingredients to create football teams that excite, entertain and win silverware; relentlessly strengthening the Club’s sustainable commercial and financial positions; and maximising its ability to serve the growing communities of which it sits at the heart. We regard each of these elements as equally important and completely co-dependent on one another.
Behind the first team trophies and financial headlines, and against these three areas of focus, there sit less obvious, but equally important, outcomes. For our Ownership, Board and Executive Leadership these outcomes and their associated metrics demonstrate that the Club has never been stronger, nor had greater potential to continue to evolve and succeed.”