After a fantastic season, with fantastic revenue. Manchester City announced this Thursday that it raised 712 million pounds.
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Thus, with last season’s campaign (2022/23). Pep Guardiola’s team won the Triple Crown: Premier League, FA Cup and Champions League.
As a result, this is the first time that a Premier League club has surpassed the £700 million mark in total revenue for a season. City “destroyed” the record set by rivals United a few weeks ago.
Game day revenues grew by 30%, which is mainly explained by the fact that the team played more often at the Etihad stadium, and against opponents that attract crowds, such as Liverpool, Arsenal and Chelsea. Manchester City also made more money from the pre-season in the United States.
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The result was a positive balance for 2022/23 of 80 million pounds, almost double that obtained in the previous season. The sales of strikers Raheem Sterling and Gabriel Jesus, to Chelsea and Arsenal, respectively, helped with this.
On the other hand, the main squad’s annual salary bill jumped to £422 million, due to bonuses for achievements and contract extensions. In addition, of course, to the signing of Haaland, Julián Álvarez, Akanji and Kalvin Phillips. This mark is also a new record for Premier League clubs.
“We will not be afraid to set new goals and develop new strategies to achieve them for this club, its community partners and fans especially. Success today simply means more investment tomorrow,” said City chairman Khaldoon Al Mubarak.