During a historic season in which the team won the Treble, Manchester City has issued its Annual Report for the 2022–2023 season, confirming a second consecutive year of record-breaking sales and earnings along with greater expansion across all aspects of the Club. The Club announced sales of £712.8 million, up £99.8 million from the previous year, and profits of £80.4 million, almost twice as much as the record of £41.7 million from the year before. The Club’s three primary revenue streams commercial, broadcast, and matchday all saw notable year-over-year increase, which is indicative of the Club’s sustained commercial momentum in recent years as a result of the continuous implementation of a multi-decade plan.
Broadcasting Revenue
With a brand value of €1.51 billion, Manchester City was crowned the most valuable football club brand in the world for the 2022–2023 season. This is the first time the team has topped the 2023 Brand Finance Football 50 survey. In terms of football, the men’s team made history by winning their first UEFA Champions League, their third consecutive Premier League title (their fifth in six years), their seventh FA Cup, and a season that saw a win percentage of more than 72% across all competitions. Additionally, the men’s players won numerous individual awards. The women’s squad saw a lot of improvements throughout a season of change on the field, including a record high for season ticket sales and a significant increase in the average attendance for all games, which demonstrated the sport’s ongoing appeal.
Commercial Revenue
The money came from a variety of areas, including media, broadcasting, and business ventures. The incredible £300 million came from City’s Premier League, FA Cup, and Champions League victories. Man City’s Champions League victory brought in £113 million for the team. Their final income amount could not reach the global record of £726 million established by Barcelona in 2020. Even after the current reporting period, Man City’s European triumph in Istanbul paid out handsomely. The Man City retail industry has seen a boom, as evidenced by an astounding 81% rise in sales during the 2022–2023 season. Sales of their new home uniform, which was unveiled on May 19, increased by 84% over the previous season. In addition to matchday income of about £70 million, commercial revenues are expected to surpass £300 million.
Prize Money And Performance-Related Bonuses
A tremendous year in which City won three titles on the field was matched off the field as they set records for revenue and earnings and were recognized as the most valuable football club brand in the Brand Finance Football 50 ranking. Manchester City’s primary source of income in 2021–2022 was commercial revenue, which brought in 373 million euros for the team. With 294 million euros, television was the second-biggest source of income, and matchday revenue went back to what it was before the COVID-19 pandemic. The Abu Dhabi United Group for Development and Investment’s parent company, City Football Group Limited, is the owner of the Manchester-based football team. With four additional home games played across all competitions and stadium occupancy rates of 99%, matchday income increased by £17.4 million (32.0%). The Club’s success in qualifying for and winning the FA Cup and UEFA Champions League finals was the main factor in the £50.4 million (20.2%) rise in broadcasting earnings. Over the prior year, there was an increase in other commercial revenues of £32.0 million (10.3%). Considerable player trading also increased profits. The £121.7 million that City made from the player registration transfer was a notable 79.8% increase over the prior year.
Conclusion
With a value of €1.51 billion, City topped the Brand Finance Football 50 report 2023 for the first time ever to be awarded the most valuable football club brand globally. Key factors contributing to City’s ascent in the rankings were described as a decade of on-field supremacy and the club’s greatest income of any team in the research. In addition, City had the most income of any football team in Europe for the second year running, topping Real Madrid in the Deloitte Football Money League. No less than 97% of City supporters concurred that the team has a long-term vision in the Premier League’s independent annual fan engagement poll. This was a noteworthy 22 percentage points more than the 75% average for the Premier League. Furthermore, 93% of City supporters concurred that the team did well in terms of its facility investments, which is 28% better than the Premier League average of 65%.
