Man City record profit
According to an announcement on November 7, Man City earned up to $ 702 million last season, the first full season in which the Premier League stadiums were not subject to restrictions by Covid-19 and were full of spectators. This is Man City's best revenue in the club's history.
According to chairman Khaldoon Al Mubarak, the transfer and use of City Football Group's multi-club model has significantly contributed to Man City's record revenue right after the pandemic.
"The momentum in overcoming the pandemic helped Man City achieve the most successful financial year in the club's history," said Al Mubarak proudly. According to this businessman, besides positive financial results, expanded partnerships and good transfer, Man City currently has great attraction because the best players in the world want to join the team.
The total salary of Man City paid to 549 employees also decreased slightly to $ 405 million. However, this amount is expected to increase sharply this season, after Man City recruited stars like Erling Haaland, Kalvin Phillips or Manuel Akanji. In particular, Haaland received the highest weekly salary of the team with $ 460,000, equal to Kevin de Bruyne.
City's commercial activity - an area that has been criticized in recent times for failing to exercise proper accountability with respect to nominal transactions with smaller companies - also continues to grow. The 46 global and regional partners currently listed on Man City's homepage, along with the organization of concerts at the Etihad Stadium, helped the club record an increase in commercial revenue of $ 354 million last season.
"Football does not stand still and other top clubs continue to grow. Therefore, Man City must constantly challenge themselves to improve what has been achieved," added Al Mubarak. "This means that Man City must constantly innovate. We are rethinking how we develop through City Football Group (CFG), the leading multi-club organization in the industry, with Man City at the center."
In the summer of 2022, Man City also set a record when collecting the most money from selling players in a transfer window in the English Premier League. In the last transfer period, the Etihad Stadium owner bid farewell to 10 players who are no longer in Pep Guardiola's plans and earned a record amount of 211 million USD. The previous record belonged to Chelsea, with $ 202 million in revenue from player sales in the 2017 transfer window.
However, deals in the summer of 2022, including pushing striker Raheem Sterling to Chelsea for $57 million, striker Gabriel Jesus and defender Okeks Zinchenko to Arsenal for $55 and $39 million respectively, were not taken. to Man City's latest financial results.
