Manchester City has reported a Premier League record revenue of £715 million for the financial year ending June 30, 2024. This marks a £2.2 million increase from the previous record of

£712.8 million achieved last year.

Despite falling short of replicating their historic Treble triumph from 2023, City secured their fourth consecutive English title and added the Club World Cup and European Super Cup to their accolades.

Key financial highlights

Revenue Growth: Total revenue increased by £2.2 million to £715 million.

Wage Reduction: Player wages fell by £10.3 million to £412.6 million.

Commercial Revenue: Commercial income grew slightly from £341.4 million to £344.7 million.

Profitability: Pre-tax profit stood at £73.8 million, while transfer activity since June 30 has generated an additional £92.8 million profit, including sales of Julian Alvarez, Joao Cancelo, and Liam Delap.

Manchester City has recorded profits every season since 2014-15, barring the pandemic-affected 2019-20 campaign. These financial results position the club well to invest in manager Pep Guardiola's squad during the upcoming transfer window, as City seeks to recover from their current run of only one win in 10 matches.

Statements from leadership

Chairman Khaldoon al-Mubarak credited the club's success to its meticulous planning and culture of continuous improvement:

"Our constant ambition to target and achieve the unprecedented is a mark of the organisation we have become. On and off the field, our passion for the next challenge is underpinned by deliberate and detailed planning."

Chief Executive Ferran Soriano echoed this sentiment, emphasizing the club's relentless pursuit of excellence:

"Winning the Treble in the previous season did not generate any sense of complacency. The relentless pursuit of beautiful football, operational excellence, and constant innovation requires hard work and resilience."

Challenges on and off the field

Manchester City faces significant challenges, both on and off the pitch. A recent Champions League loss to Juventus has placed their qualification hopes in jeopardy. The club is currently fourth in the Premier League, trailing leaders Liverpool by eight points, with Liverpool holding a game in hand. Sunday's Manchester derby against United is a crucial fixture as City seeks to regain momentum.

Off the field, the club continues to navigate ongoing disputes with the Premier League. A commission is currently reviewing 115 alleged breaches of financial rules. The club has publicly stated confidence in its position, referencing "a comprehensive body of irrefutable evidence."

Investment and future plans

Manchester City remains focused on future growth, including:

Stadium Expansion: A £300 million project to expand the North Stand will increase Etihad Stadium's capacity to 60,000, aligning with plans for Euro 2028.

Women's Training Facility: A state-of-the-art facility is set to open during the 2025-26 season.

Meanwhile, the club's financial accounts revealed a rise in "amounts owed by group undertakings" from £151.4 million in 2023 to £267.4 million. External charges also increased from £124 million in 2022 to £172.4 million, figures that are under scrutiny by analysts.

City’s latest financial results highlight their continued dominance in football both on and off the pitch, though current performance and legal challenges present notable hurdles in the months ahead. Photo by Cléria De Souza, Wikimedia commons.