On Wednesday, Manchester City revealed a record-breaking revenue of £712.8 million ($888 million) for their treble-winning season, significantly outstripping the previous mark set by Manchester United just a month ago.
The Premier League and European champions recorded a than £100 million rise in income for the fiscal year 2022/23 compared to the previous year, while profits nearly doubled to £80.4 million.
under late October, United, who have been under City’s shadow for a decade, declared a Premier League income record of £648.4 million.
Last season, Pep Guardiola’s side became the second English team, after Manchester United in 1999, to win the Champions League, Premier League, and FA Cup all in the same season.
City, which led Deloitte’s 2023 Football Money League, earned approximately £300 million in broadcast revenue in the fiscal year ending June 30, buoyed by their triumph in Europe.
The club’s pay cost increased by about £70 million to just under £423 million, while player trading profited them nearly £122 million.
However, the 115 charges levied against the club by the Premier League in February were highlighted in the club’s annual report under the “Risks and Uncertainties” section.
“The board acknowledges that there are a number of risks and uncertainties which could have a material impact on the club’s performance,” it said.
Introductory statements in the report from chairman Khaldoon Al Mubarak and chief executive Ferran Soriano made no reference to the charges.
Khaldoon said: “In the aftermath of the UEFA Champions League win in Turkey and the completion of ‘The Treble’ the question I was asked most often, was ‘How do you top that?’
“The answer is by doubling down on the proven philosophies and practices that have brought us this success and to challenge ourselves to continue to constantly innovate in order to achieve new levels of performance both on and off the field.
“We will continue to question all the industry norms, we will evaluate our successes and learn from any failures. We will not be afraid to set new goals and develop new strategies that deliver for our club, its communities and stakeholders and especially for the fans.”
City, chasing an unprecedented fourth English top-flight title, are top of the Premier League after 12 matches and have already qualified for the Champions League knockout stages.