2023-11-15 11:35:14
He Manchester City has announced buoyant accounts for the 2022-23 fiscal year. The English club, owned by a sheikh from the United Arab Emirates, had record income of 817 million euros, 110 more than in the previous year. Never before in the history of the entity had it reached these figures.
The 2022-23 season was a great success for City, who won the treble of Premier League, Champions League and FA Cup, which boosted its finances through commercial, merchandising and television income. The club has almost doubled its net profits, from the 47 million net profits obtained in 2022 to 92.2 million euros.
The club was boosted by earning 57 million obtained from television, in addition to the 138 million it managed to make in sales of footballers (Gabriel Jesus, Zinchenko y Sterling, in particular). To all this we must add the prizes awarded by UEFA as champion of the Champions League. In the last five years, City has earned around 379 million in transfers.
There were 31 matches at the Etihad Stadium last season to see the team Pep Guardiolaan increase of four, which helped the annual income per day to increase, also helped by a slight increase in the average attendance.
Euphoria by Ferran Soriano
“We can safely say that the 2022-23 season was the best in the history of Manchester City,” he said. the general manager, Ferran Sorianociting the treble, record revenue and profits, and being named the world’s most valuable football club brand in a Brand Finance Football 50 Report published in June.
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The president of City, Khaldoon al-Mubarak, said: “Our financial health and our success on the field mean that everyone connected with Manchester City can look forward to the future. “Our collective achievements give me great confidence that together we can achieve even more in the years to come.”
On the downside, City face more than 100 charges from the Premier League for alleged breaches of financial rules, which the club denies. The Manchester club is accused of failing to provide “a true and fair view of the club’s financial situation”, failing to “include all the details” of the remuneration of players and coaches, failing to comply with the rules relating to financial fair play and not cooperating in a Premier League investigation that concluded after more than four years of work. The charges are listed in the accounts in the “risks and uncertainties” section.
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