Chris Weatherspoon (chartered accountant - freelance writer) - Linkedin.
Manchester City Football Club announced their 2022/23 financials last week and, with them, new single-season record turnover for an English football club.
City's £712.8m income in last season's treble-winning campaign was a £100m uplift on 2021/22 and shattered the previous English record set just a few weeks ago - Manchester United's £648.4m.
City's top line was boosted in no small part by the £114m the club earned in winning its first UEFA Champions League. Yet last season was also a continuation of the enormous growth the club has seen since its takeover by the Abu Dhabi United Group in 2008.
A look at English Premier League club incomes from 2007/08 (the final season before that takeover) against the latest available figures underlines how unprecedented City's growth has been since their transformativfe change in ownership.
Highest revenue growth among 2007/08 EPL clubs over the last 15 years:
Manchester City Football Club - 766%
Tottenham Hotspur Football Club - 286% (2022 figures, 2023 not yet published)
Liverpool Football Club - 274% (2022)
West Ham United FC - 210% (2022)
Manchester United - 153%
That impressive growth does come with a significant caveat. City remain under investigation by the EPL for more than 100 alleged breaches of the division's Profit and Sustainability Rules, among which is the accusation that the club has overstated its commercial income over a number of years. In 2022/23, City declared commercial revenues of £341.4m, another English football record - and one which may further raise eyebrows in certain quarters.