The club would “not have made a profit without those gains.” Player trading also has helped Man City “emerge from decades in the shadow of United to become England’s dominant football force” ( FINANCIAL TIMES, 11/15). The club’s investment in content comes as clubs and leagues “compete for global audiences and fans.” While winning on the pitch “helps to increase revenue,” clubs are able to “flaunt huge followings on social media to attract sponsors.” Looming over City, however, is “continued scrutiny over the club’s compliance with financial regulations.” The Premier League in February accused the club of “more than 100 rule breaches and referred the club to an independent commission.” The Premier League side’s earnings were “bolstered by transfer market gains, which rose” to $150.8M from $83.5M a year earlier.

WINNING PLAYS: FINANCIAL TIMES’ Samuel Agini notes Man City is “ramping up investment in media and content to boost growth” after setting a revenue record for an English Premier League club. The figure surpasses the previous high of $808M announced by Manchester United last month - that “also saw a rise of 30 per cent in matchday revenue.” This was “largely due to playing four additional home games” as well as “considerably more money earned from the summer tour to the United States” after not going anywhere the year before “while Covid restrictions were still in place.” Man City also recorded a club-best $99.7M profit, “almost doubling the number from the previous year.” However, the cost of attracting F Erling Haaland and others to the Etihad as well as “bonuses and securing a number of contract extensions saw the wage bill jump up” to $526M to “set another record high in the league” ( MANCHESTER EVENING NEWS, 11/15). Manchester City’s “unprecedented commercial success” making $888M in revenue during the 2022-23 season has “set a new Premier League record,” according to Simon Bajkowski of the MANCHESTER EVENING NEWS.

Manchester City recorded a club-record $99.7M in profit in 2022-23, almost double the number from the previous year getty images

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