Manchester City have reported a Premier League record revenue of £715 million in their financial results for the year ending 30 June 2024.Despite falling short of replicating their historic 2023 Treble, City's achievements, including a fourth consecutive English league title, and wins in the Club World Cup and European Super Cup, drove a revenue increase of £2.2 million from their previous record of £712.8 million.

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The club's wage bill decreased by £10.3 million to £412.6 million, contributing to a pre-tax profit of £73.8 million. Commercial revenue also saw a slight rise, growing from £341.4 million to £344.7 million.City have maintained profitability in every season since 2014-15, except for the Covid-affected 2019-20 season. Additionally, they announced a £92.

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8 million profit from transfers since June, including the sales of Julian Alvarez, Joao Cancelo, and Liam Delap.This strong financial position provides City with the flexibility to strengthen Pep Guardiola's squad in the upcoming transfer window, following a challenging period of just one win in their last 10 games.

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“Our constant ambition to target and achieve the unprecedented is a mark of the organisation that we have be come,” noted City chairman Khaldoon al-Mubarak in his assessment, which was written before the club’s worst run under Guardiola.“On and off the field, our passion for the next challenge is underpinned by deliberate and detailed planning and a shared belief in the collaborative learning culture that we have

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built.

organisational approach is now part of our DNA. It is a product of the unwavering focus on constant improvement, in every aspect of the organisation, that has been in place since His Highness Sheikh Mansour became the club’s custodian in 2008.”That belief is being tested like never before.The Champions League defeat by Juventus on Wednesday has left City at very

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real risk of missing out on a play-off place. Winning the tournament in 2023 earned City £111.8m from that competition alone.They go into Sunday’s Manchester derby with United at Etihad Stadium fourth in the Premier League, eight points behind leaders Liverpool, who also have a game in hand.

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“Winning the Treble in the previous season did not generate any sense of complacency in our teams on or off the pitch,” said chief executive Ferran Soriano.“We understand very well that the relentless pursuit of beautiful football, operational excellence, and constant innovation requires hard work and resilience.

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”The accounts make no reference to City’s recent battle with the Premier League over the Associated Party Transaction (APT) rules, and only a fleeting reference to City’s ongoing case with the Premier League over 115 alleged breaches of financial rules.

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