Real Madrid, a Man City rival, as the full earnings from the historic treble are revealed.
Manchester City, having just finished their treble-winning season, is closing the gap on Real Madrid as the biggest footballing team in the world.
The Premier League champions’ three-front success, which culminated in the Champions League in Istanbul in June, drove them to record revenues of £712 million and profits of £80 million.
This brings them very close to Real Madrid, who lead the world in football earnings over the same period, making £137 million from £733 million in revenue.
Despite having their best season yet, both on and off the field, Chairman Khaldoon Al Mubarak promised City would not stop until they had achieved even greater heights. ”
“How do you top that?” was the most frequent question posed to me following the Champions League victory in Turkey and the completion of the treble, he stated.
The solution is to challenge ourselves to keep innovating in order to reach new performance levels both on and off the field, while also doubling down on tried-and-true ideas and methods that have brought us this success.
“To succeed today merely entails increasing investment for the future. Everyone associated with Manchester City can look forward to the future with excitement thanks to our strong financial position and on-field accomplishments.
I have a great deal of confidence that, working together, we can achieve even more in the years to come because of our combined accomplishments.
The financial report released by City displayed remarkable figures, showcasing an increase in revenue of £100 million to £712.8 million and nearly doubling of profits from £41.7 million to £80.4 million.
With those jumps, they not only closed the gap with Real Madrid to become the world’s largest club, but they also distanced themselves from Manchester United, their neighbors, who set a Premier League record last month with a figure of £648.4 million for the same period.
Broadcast revenue increased to almost £300 million as Guardiola’s team advanced far in two Cup competitions and won the Premier League trophy for the third time in a row, which helped City’s financial figures.
Due to player and management performance-related payments and the treble triggering bonus, the wage bill increased from £308 million to £368 million as a result of that success.
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