Manchester City have posted a record-breaking revenue of £715m for the year ending 30 June 2024, marking the highest in Premier League history. The figure surpasses their previous best of £712.8m despite a year that fell short of their historic 2023 Treble triumph. The club celebrated a fourth consecutive league title and victories in the Club World Cup and European Super Cup.
City reported a pre-tax profit of £73.8m, with wages dropping by £10.3m to £412.6m. Commercial revenue saw a slight rise to £344.7m. Additionally, the club recorded a £92.8m net profit from transfer activities, including the sales of Julian Alvarez, Joao Cancelo, and Liam Delap. This positions them strongly for reinforcements in the January transfer window, addressing a challenging period of just one win in 10 matches.
Club chairman Khaldoon al-Mubarak highlighted the organisation’s ambition and meticulous planning, emphasizing a “shared belief in constant improvement.” Chief Executive Ferran Soriano reaffirmed the club’s commitment to “beautiful football and operational excellence.”
The accounts omit details about City’s legal battles concerning 115 alleged breaches of Premier League financial rules but reiterate their stance of confidence in resolving the matter.
The ongoing £300m North Stand expansion at the Etihad Stadium is set to boost capacity to 60,000 by Euro 2028. Plans for a new women’s training facility during the 2025-26 season were also confirmed.
City’s financial might contrasts their current on-field struggles, with a vital Manchester derby against United looming and the club fourth in the league, trailing leaders Liverpool by eight points.
