Manchester City announce record-breaking revenues in Annual Report revealing mammoth transfer war chest for rebuild

Premier League champions Manchester City have revealed significant profits and cash reserves in their latest Annual Report, that could be put to use in the transfer markets.

Discussions around the club have largely centred around the immediate need for recruitment and improvements to their squad roster having endured a torrid run of form over their last 10 matches in all competitions.

Manchester City have lost seven of their last 10 matches winning just one game in that run across tournaments, falling into fourth in the Premier League and 22nd in the UEFA Champions League, putting their hopes of major silverware at serious risk.

But success is continuing to come off the pitch for the Etihad Stadium club, with their historic achievements over the last few seasons reflecting in global growth and financial triumphs, particularly after the Treble-winning and fourth Premier League title in a row.

As revealed by Manchester City in their Annual Report for the 2023/24 season, the club confirmed a third consecutive year of record-breaking revenues increasing to £715 million, with sustained profitability at £73.8 million.

The Premier League champions’ three primary income sources in commercial, broadcast and matchday revenue all remained strong with the breakdown of such avenues as follows across the 2023/24 campaign:

Commercial: £344.7M
Broadcast: £294.7M
Matchday: £75.6M

From the sale of players alone, Manchester City confirmed that a total of £139 million came in through player transfers during 2023/24, with that figure not including almost £100 million through Julian Alvarez’s move to Atletico Madrid, Joao Cancelo to Al-Hilal, and academy sales.

Speaking as part of Manchester City’s Annual Report for the 2023/24 season, Chairman Khaldoon Al Mubarak said, “Our constant ambition to target and achieve the unprecedented is a mark of the organisation that we have become.

“On and off the field, our passion for the next challenge is underpinned by deliberate and detailed planning and a shared belief in the collaborative learning culture that we have built. This organisational approach is now part of our DNA.

“It is a product of the unwavering focus on constant improvement, in every aspect of the organisation, that has been in place since His Highness Sheikh Mansour became the Club’s custodian in 2008.”

Manchester City’s Chief Executive Officer, Ferran Soriano added to those comments with his own words as he explained, “Our fourth consecutive Premier League title was an achievement that took Manchester City to a place no other English club has ever been.

“Winning the Treble in the previous season did not generate any sense of complacency in our teams on or off the pitch. We understand very well that the relentless pursuit of beautiful football, operational excellence, and constant innovation requires hard work and resilience.”

Manchester City, as part of their Annual Report for the 2023/24 season, also claimed that they were the most watched club in the world, attracting a global television audience of 694 million people across all competitions.

Additionally, the club revealed that Manchester City also delivered the most video views in the Premier League, with total views across Facebook, Instagram, X (formerly Twitter), YouTube and TikTok reaching more than 10 billion.

2025 is likely to represent a new phase in the ongoing development of Manchester City as a global powerhouse, with the club aiming to refresh Pep Guardiola’s squad and eye further success to attract greater revenues and more fans across new markets across the globe.