Manchester City posted their financial results for the 2023/24 period last week
Only two Premier League teams have published the financial results for the 2023/24 reporting period, but the crown for the club with the highest revenue won’t be going to anyone else but Manchester City.
The 2023/24 financials show a financially robust club. The independent commission hearing into the 115 charges brought by the Premier League against the club over allegations of breaching financial rules for a decade-long period, which the club denies, would, of course, alter the longer term outlook and significantly impact revenue streams, but the accounts look at a snapshot in time, and City are innocent until proven otherwise.
What was stressed several times in the financial report the club put out was that the revenues were very much contingent on the club achieving on the pitch. That has been something of a foregone conclusion for a number of years, but this season has already thrown up enormous challenges that mean it is no longer cut and dried that City will be in the top four come the end of the season, or if they will progress in the Champions League.
It also will arrive at a time when the club is on the hook for record-high transfer commitments to the tune of some £290m. That is money still due to be paid out to clubs either for transfer instalments or through add-ons and clauses that could still be activated during the life of a contract.
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