City Football Group (CFG), the parent company of 12 soccer clubs worldwide, secured record revenue – £877.1 million ($1.1 billion) in the 2022-23 financial year.
However, the multi-club ownership group did record a pre-tax loss of £126.9 million.
CFG, which owns or has stakes in 12 soccer clubs worldwide, is itself controlled by the Abu Dhabi United Group which bought English soccer heavyweights Manchester City in 2013.
The revenue figure was up from 2022’s total of £705.1 million.
The ownership group published its accounts made up to June 30, 2023, earlier this month.
Of that income, £100.8 million came from match day activities (such as ticketing income), £417.4 million from commercial activities such as sponsorship, and around £358 million from broadcasting revenue.
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Of that latter income stream, £114.4 million was TV rights fees generated from UEFA, European soccer’s governing body.
From total revenue, only £162.6 million came from markets outside the UK (with Manchester City generating far and away the most income out of any of the ownership group’s clubs).
The Manchester City-specific accounts show revenue for the English Premier League (EPL) champions of £712.6 million, up from 2022’s figure of £613 million. The 2022-23 revenue figure equated to a Premier League-wide record.
Including player trading figures, the Manchester club made a profit of £80.3 million. The equivalent 2022 figure was £41.7 million.
The team’s three main income streams of commercial, broadcast, and matchday all produced significant year-on-year growth as they enjoyed a historic season winning the Premier League, UEFA Champions League, and FA Cup.
Despite the club’s success on and off the pitch, it is being investigated by the Premier League for over 100 alleged financial rule breaches over the space of nine seasons, as well as over a subsequent failure to comply with investigators over the last four years.
CFG has the following clubs in its network: Manchester City, Melbourne City, Mumbai City, New York City, Mondevideo City Torque, Troyes, Lommel, Girona, Shenzhen Peng City, Yokohama F.Marinos, Palermo, and Bahia.
