Donovan McNabb and the State of Football
Manchester City posted record full-year revenue to complement its sixth Premier League title.
The Premier League champions generated $815 million in revenue for the financial year ending June 30 — a $50 million increase compared to the year prior. The results were driven by increases in commercial and matchday revenue thanks to the return of full-capacity crowds at Etihad Stadium.
- Matchday revenue reached $63 million for the year, compared to $62 million last year.
- The club reported an average attendance of 52,774 for home Premier League matches.
- It reported $287 million in broadcasting revenue, down $56 million from the year prior.
- As of November 2022, the club has net assets of more than $804 million.
Manchester City — the sixth-most valuable soccer club in the world at $4.25 billion, per Forbes — reported a $78 million profit on the disposal of players’ registrations in the transfer market for the year ending June 30.
It helped Manchester City reach $55.5 million in net profit for the year — a club record.
Getting Back on Track
Manchester City’s results are promising as Premier League clubs recover from heavy losses following two seasons of pandemic-related restrictions, during which they lost a combined $1.2 billion.
The losses were spearheaded by the Premier League’s “Big Six” clubs. Arsenal, Chelsea, Manchester United, Tottenham, Liverpool, and Manchester City lost a combined $816 million — roughly 63% of the league’s total losses.
