The remarkable financial success extended across all revenue streams, including commercial, matchday, and broadcasting. Commercial revenues reached £341.4 million, followed by broadcasting at £299.4 million, and matchday at £71.9 million. 

The overall profit of £80.4 million nearly doubled the previous year's record profit of £41.7 million.

Matchday revenue experienced a notable increase of £17.4 million (32%), supported by a 99% occupancy rate at the Etihad Stadium and additional home games played across all competitions. 

Broadcasting revenues climbed by £50.4 million (20.2%), primarily due to City's participation in and triumphs at the Champions League and FA Cup finals.

City has surpassed both Real Madrid and Manchester United in terms of brand value

The club also excelled in the Brand Finance Football 50 list, securing the top spot with a brand value of £1.51 billion, surpassing Real Madrid and Manchester United. 

This marked the first time an English club claimed the number one position since 2018, attributed to City's decade of dominance on the pitch and their status as the highest-revenue club.

Additionally, Manchester City led the Deloitte Football Money League for the second consecutive year, boasting the largest revenues of any European soccer club.

Despite these financial triumphs, the club addressed charges by the Premier League in early 2023, emphasizing their cooperation with an independent commission to review the matter impartially.

On the sporting front, manager Pep Guardiola guided the team to a third successive Premier League title, a thrilling 2-1 FA Cup final victory over Manchester United, and their inaugural Champions League title. 

The women's team also showed growth, finishing fourth in the Women's Super League with a notable 84% increase in average attendance to 3,555.

Cover image: The Athletic