According to the annual report of Manchester City, the club accumulated profits amounting to £80.4 million subsequent to a successful 2022-2023 season.

Wednesday marked the release of the club’s annual report for the fiscal year 2022-2023, which featured revenue figures of £712.8 million (US$885.3 million equivalent). Through exceeding a Premier League record, Manchester City’s revenue unequivocally solidifies its position as one of the most financially prosperous soccer teams on a global scale.

According to the annual report of Manchester City, the organization generated profits totaling £80.4 million ($99.86 million US), representing an increase of around twofold compared to the £41.7 million ($51.79 million US) earned in the preceding season.

The 2022-2023 campaign was replete with remarkable achievements for the men’s team of City. Under the leadership of luminaries including Erling Haaland and Jack Grealish, the squad achieved the prestigious titles of Premier League, Champions League, and FA Cup—becoming the second group to do so in a single season, following Manchester United in 1999.

The Manchester City report additionally emphasizes enhancements in the mean attendance of the women’s team, accompanied by an unprecedented sale of season tickets.

In addition to the teams’ on-field performance, the report attributes the club’s unprecedented revenue to its social media presence, membership growth, commercial advancements, and television viewership. According to the report, City’s television viewership across all competitions reached 786 million individuals, a 28% increase from the previous season.

Manchester City is currently in first place in the Premier League standings with a 9-1-2 record and a 20-goal differential, having scored 20 goals more than several of its opponents. The aforementioned group, having been crowned the incumbent Champions League champions, will represent Europe in the FIFA Club World Cup.