Man City have produced record numbers in the aftermath of winning the Treble Chairman Khaldoon Al Mubarak promises a consistent wave of investment It’s baffling why Guardiola sold Palmer to a rival clu
Manchester City’s revenue and wage bill are the largest ever seen in British football on the back of the Treble, with chairman Khaldoon Al Mubarak promising a consistent wave of investment to sustain the club’s success.
The Premier League champions have announced an eye-watering £712.8million in revenue and charted an £80.4m profit for the last financial year.
Those escalating numbers were in part down to the historic achievements of Pep Guardiola’s squad, particularly from a broadcast and matchday revenue perspective. City are just £22m behind the global revenue record set by Real Madrid in July.
Completing the Treble also significantly impacted salaries, reaching unprecedented levels. Top stars and staff – both in the football and administration departments – received huge bonuses for each trophy, the Champions League topping the bill as the most lucrative.
Salaries jumped up to a record high at £422.8m paid across 520 employees – dwarfing the £384m documented by rivals Manchester United during the season in which they re-signed Cristiano Ronaldo.
Man City ’s revenue and wage bill are the largest ever seen in British football on the back of the Treble
Chairman Khaldoon Al Mubarak promising a consistent wave of investment to sustain the club’s incredible success of last season
Goal machine Erling Haaland, who is believed to earn a basic wage of around £400,000 a week after his move from Borussia Dortmund, contributed to the wage bill increasing by £69m from the 2021-22 season.
Al Mubarak believes that City can capitalise on finally conquering Europe, vowing that the club’s hierarchy will ‘double down’ on their strategy.
Al Mubarak said: ‘In the aftermath of the Champions League win in Turkey, 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.’
Overall revenue increased by almost £100m – commercial revenue accounting for £341m – while profit nearly doubled on last year, aided by the sales of Raheem Sterling, Gabriel Jesus, Oleksandr Zinchenko plus a number of academy graduates.
‘We will continue to question all the industry norms, we will evaluate our successes and learn from any failures,’ Al Mubarak added. ‘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.
‘Success today simply means further investment for tomorrow. Our financial health and on field success mean everyone connected to Manchester City can look forward to the future with excitement. Our collective achievements give me huge confidence that together we can accomplish even more in the years to come.’
Completing the Treble significantly impacted salaries which reached unprecedented levels
