The annual report of Manchester City indicates that the club earned a total of £80.4 million in profits following a prosperous 2022-2023 campaign.

The club disclosed its annual report for 2022-2023 on Wednesday, detailing revenues of £712.8 million (equivalent to $885.3 million in US dollars). By surpassing a Premier League record, the revenue unequivocally establishes Manchester City as one of the most financially successful soccer teams globally.

Based on the annual report of Manchester City, the club generated profits amounting to £80.4 million ($99.86 million US), which is approximately double the figure of £41.7 million ($51.79 million US) recorded in the previous season.

The 2022-2023 season for City’s men’s team was filled with tremendous success. The team, led by superstars such as Erling Haaland and Jack Grealish, won the Premier League, Champions League, and FA Cup—becoming the second team, after Manchester United in 1999, to accomplish all three in a single season.

The report from Manchester City also highlights improvements in the average attendance of the women’s team, which includes a record-breaking sale of season tickets.

The report attributes the club’s unprecedented revenue not only to the teams’ performance on the field, but also to its social media presence, membership expansion, commercial progress, and television viewership. A 28% increase from the previous season, City’s television viewership reached 786 million people across all competitions, according to the report.

With a 9-1-2 record and a 20-goal differential, Manchester City is presently first in the Premier League, having scored 20 goals in excess of a number of its opponents. Deciding as the defending Champions League champions, the group will represent Europe at the FIFA Club World Cup.