A fantastic Treble winning year on the pitch was mirrored off it as City achieved their highest ever revenue, posted record profits and was named most valuable football club brand in the Brand Finance Football 50 list.
Total revenue for the year reached a new best of almost £712.8 million, an increase of £99.8 million (16.3%) on the previous twelve months.
Commercial revenues accounted for £341.4 million, followed by broadcast at £299.4 million and then matchday at £71.9 million leading to a profit of £80.4 million – nearly double that of the previous year’s record of £41.7 million.
All three income streams showed a healthy year-on-year growth.
Matchday revenue represented an increase of £17.4 million (32.0%) with stadium occupancy rates of 99% and four more home games played across all competitions. Broadcasting revenues increased by £50.4 million (20.2%), primarily due to the Club reaching and winning the finals of the UEFA Champions League and FA Cup. Other commercial revenues saw a rise of £32.0 million (10.3%) over the previous year.
Profits were also boosted by significant player trading. The £121.7 million profit City generated from the transfer of players’ registrations was up a significant 79.8% on the previous twelve months.
Total revenue for the year reached a record £712.8 million following a year-on-year increase of £99.8 million
2022-23 rounding differences are due to reporting to one decimal place. For full revenue breakdown please see Financial Report.
Source: Manchester City
Manchester City generated record profits in 2022-23 for the second consecutive year
Source: Manchester City
City was named the most valuable football club brand in the world, topping the Brand Finance Football 50 report 2023 for the first time ever with a value of €1.51 billion.
The report pointed to a 34% positive growth in City’s brand value since the COVID-19 pandemic, with the Premier League champions overtaking La Liga side Real Madrid for the top position. This was the first time an English club has held the number one spot since 2018.
A decade of dominance on the pitch, and the highest revenue of any of the clubs in the report were outlined as key drivers of City’s rise in the rankings.
Manchester City has been named the most valuable football club brand in the world
Source: Brand Finance Football 50, 2023
City also sat atop the Deloitte Football Money League for the second consecutive year with the biggest revenues of any football club in Europe, ahead of Real Madrid in second place.
The record revenue from the 2021-22 season (the Money League lags a year) was £613 million.
In the Premier League’s independent annual fan engagement survey, no fewer than 97% of City fans agreed that the Club has a long-term vision. This was a significant 22 percentage points more than the Premier League average of 75%.
In addition, 93% of City fans agreed that the Club performed well in its investment in facilities which was 28 percentage points higher than the Premier League average of 65%.
And finally, 87% of City fans agreed that the Club has a sustainable financial policy, a full 27 percentage points higher than the Premier League average of 60%.
Proportion of Manchester City fans surveyed who agree that their club performs well in the following areas:
Source: Premier League, Manchester City
