Manchester City’s record-breaking 2022-23 season keeps delivering, even months after the conclusion of its historic campaign.
In June, Man City became the first English soccer team to win the treble since their crosstown rival Manchester United in 1999. Now, just weeks after Man United set a Premier League record for annual revenue with $773 million, Man City has bested the Red Devils yet again — reporting revenue of $884.3 million for this past season
Profits came in at almost $100 million — nearly double the sum from a year ago — as commercial, broadcast, and matchday earnings all improved year-over-year.
Winning the Premier League, FA Cup, and UEFA Champions League came at a steep cost, though. Man City’s $525 million spent on play salaries is also a Premier League record. Previously, no other club had even topped $500 million.
Man City, which is owned by Abu Dhabi-based City Football Group, currently has a valuation of nearly $5 billion — the fifth-highest in the world among soccer clubs, according to Forbes. The club’s brand value tops all others though at $1.6 billion.
Don’t expect the success on and off the pitch to end anytime soon. Man City is currently first in the Premier League through 12 games of the season and has won all four of its Champions League group-stage matches.