By Daniel Ojukwu
English Premier League (EPL) giants, Manchester City Football Club on Wednesday announced a second consecutive year of record-breaking revenues and profits following a treble-winning 2022-2023 campaign.
The club reported revenues of £712.8 million for the financial year ended 30 June 2023, setting a new Premier League record in the English top-flight league.
This surpasses the previous record of £648.4 million set by their local rivals Manchester United in October.
The Citizen’s turnover was up £99.8 million from £613 million last year.
This saw Pep Guardiola’s tutored side post a profit of £80.4 million, almost double the previous year’s record of £41.7 million.
Their three main income streams of commercial, broadcast, and match-days produced significant year-on-year growth, as they enjoyed a historic 2022/23 campaign winning the FA Cup, Premier League and UEFA Champions League.
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