Manchester City FC: record revenue of £715m & a net profit of £73.7m in 2023-24

Manchester City FC (Premier League) generated revenues (excluding capital gains on player transfers) of £715m (€843.7m at 30/06/2024) during the 2023-24 financial year (01/07/2023 to 30/06/2024), up 0.3% on the 2022-23 financial year (£712.8m/€826.2m on 30/06/2023), according to the club's financial report published on 13/12/2024. This is the third consecutive year of record revenue for the English club.

Manchester City, owned by City Football Group, posted a net profit of £73.7m (€86.9m) in 2023-24, its second-best positive net result after the record achieved in the previous financial year (£80.4m/€93.2m). This is the fourth season in a row in which the club has posted a profit. The club's wage bill was down slightly to £359.1m (€423.7m), compared with £368.2m (€426.8m) in 2022-23.

Of the three sources of income for the 2023-24 English champions, matchday (£75.61m, +5.1%) and commercial (£344.6m, +0.9%) revenues increased, while broadcasting revenues (£294.7m, -1.6%) fell as a result of their elimination from the Champions League quarter-finals in 2023-24, despite winning the…