Manchester City financial report: Revenue of 712 million pounds exceeds Manchester United's record, wages soar to 422 million pounds
Manchester City have announced their latest financial figures for the 2022-23 season, with revenue rising in three key areas.
What is more important and eye-catching is that they broke Manchester United's previous record and set a new revenue record in the Premier League.
Manchester United just announced last month that their revenue in the 2022-23 season will reach 648 million pounds, which is a record. However, this figure was easily surpassed by their derby rival Manchester City. Blue Moon achieved a historic Triple Crown in the 2022-23 season. To match, their revenue also exceeded 700 million pounds, as high as 712 million pounds. .
Manchester City's matchday revenue increased by as much as 30%, mainly due to playing four more home games, including domestic cup matches against giants such as Liverpool, Arsenal and Chelsea. In addition, the club also made a lot of money in the summer games in the United States. Therefore, it was still affected by the new crown epidemic, so their increase in revenue in this area is quite considerable and obvious.
While revenue surged, Manchester United's net profit also set a new record. They made a profit of 80 million pounds, which was almost double the data in last year's financial report.
The increase in net profit was largely due to the sales profit of more than 120 million pounds in the transfer market, which was an increase of more than 50 million pounds compared with the previous financial report, and the sales of first-team players Sterling and Jesus. Giving to Chelsea and Arsenal were the lion's share of this, along with huge talent sales from youth academies.
With the surge in revenue and net profit, Manchester City's costs have also skyrocketed. The introduction of Haaland and other players, their joining costs, wages, bonuses, and the cost of renewing existing players have made Manchester City The total salary (bonus) soared to 422 million pounds, which successfully set a new record high in the history of the Premier League.
Winning the unprecedented Triple Crown in the club's history has undoubtedly greatly increased bonuses and salary expenses, but what is gratifying for the club is that the proportion of salary (bonus) costs to the club's revenue has not changed significantly, only from 58% It has risen to 59%, which is a necessary condition for maintaining long-term success. The club knows very well that they need to continue to maintain this ratio and not relax.
