Saturday September 30, 2023

Manchester City Posts Record Year Boosted By Full Crowds

  • Matchday revenue reached $63 million for the year ending June 30.
  • The club reported an average attendance of 52,774 for home Premier League matches.
Samantha Madar/USA TODAY NETWORK-Wisconsin
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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.

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