Manchester City has generated a record revenue in the 2022/23 football season, during which they won the Premier League, FA Cup, and Champions League, as announced by the reigning English champions on Wednesday.
City reported a revenue of €818.7 million, marking a 16 percent increase compared to the previous season. The Citizens have surpassed Manchester United in this regard, as their city rivals generated €743 million in the fiscal year 2022/23.
City's profit amounted to €92.3 million. The current Premier League leaders also turned out to be the club spending the most on player contracts and bonuses. In the past fiscal year, City paid out €483 million to the players, who received lucrative bonuses for winning the treble.
City's chairman, Khaldoon Al Mubarak, expressed his thoughts on the success on the club's website, saying, 'We have had the best footballing year and the best commercial year in the club's history. I often get asked: How do you surpass this success? The answer lies in continually challenging ourselves to innovate, both on and off the field.'
During the presentation of these financial results, City briefly addressed the investigation by an independent committee into the potential violation of over a hundred Financial Fair Play regulations. The English champions stated that they have full confidence in a positive outcome of the investigation.