Manchester City named most valuable brand in world football after posting record profits

Manchester City's historic success on the pitch has been matched on the balance sheet after the Premier League club announced record revenue and profits in their annual report for the 2022/23 season.

City earned revenues of £712.8 million ($889.4 million) to June 2023 according to Manchester City FC Ltd's annual report, an increase of £99.8 million (16.3%) over the previous season, along with a record net profit of £80.4 million.

"The 2022/23 season saw Manchester City scale new heights and set new benchmarks," City chairman Khaldoon Al Mubarak said in a statement. "In short, last season saw Manchester City achieve the greatest football and commercial year of its storied history."

City experienced growth over the previous year across all revenue streams of commercial, matchday and broadcasting.

Commercial revenues accounted for £341.4 million, followed by broadcast at £299.4 million and then matchday at £71.9 million, for a profit of £80.4 million, nearly doubling the previous year's record profit of £41.7 million.

Matchday revenue saw an increase of £17.4 million (32%) with a 99 per cent occupancy rate at the Etihad Stadium and four more home games played across all competitions. However, the average attendance of 53,249 fans over 19 Premier League games was just shy of their record of 54,130 set in 2018/19.

Broadcasting revenues climbed by £50.4 million over the previous year (20.2%), primarily due to the club reaching and winning the Champions League and FA Cup finals.

Profits also benefited from significant transfer business with £121.7 million generated from player sales, up a significant 79.8 per cent over the previous 12 months.

City earned top spot on the Brand Finance Football 50 list with a brand value of £1.51